UPDATE: Topeka Capital Markets Initiates Spirit Aerosystems Holdings at Buy on Production Ramp-Up

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Topeka Capital Markets initiated coverage on Spirit Aerosystems Holdings
SPR
with a Buy rating and a $33 price target. Topeka Capital Markets said, "Initiating Coverage of Spirit Aerosystems with a BUY Rating. Despite a rocky history since commencing as an independent company in 2005, we believe the Company has begun to turn the corner in 2012, as write-offs have decelerated and free cash flow is expected to be positive for only the second time in company history. We expect cash flow will grow annually going forward, as the workhorse of the Company (the 737) continues to ratchet up production." Spirit Aerosystems Holdings closed at $22.54 on Wednesday.
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Posted In: Analyst ColorPrice TargetInitiationIntraday UpdateAnalyst RatingsTopeka Capital Markets
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