UPDATE: Wedbush Maintains Outperform Rating, Raises PT for Spirit AeroSystems
In a report released earlier today, Wedbush Securities maintained its Outperform rating for Spirit AeroSystems, Inc. (NYSE: SPR) and raised its price target from $30.00 TO $31.00.
Wedbush said their decision about the price target “is due both to higher multiples and higher estimates. We believe these multiples are fair considering the expected top line ramp from production increases, with the continued risk associated with development programs. We expect valuation to increase as risk declines and execution continues to improve.”
Spirit AeroSystems closed yesterday at $25.72.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.