UPDATE: Topeka Capital Markets Downgrades Spirit Aerosystems Holdings to Hold on Valuation
Topeka Capital Markets downgraded Spirit Aerosystems Holdings (NYSE: SPR) from Buy to Hold and maintained a $20.00 price target.
Topeka Capital Markets analyst Michael Callahan commented, "We are downgrading shares of SPR to Hold from Buy, as the stock is up more than 10% yearto-date and approaching our $20 price target. While we continue to believe the Company's core business is performing well, we are stepping to the sidelines given our view upside from current levels is limited by risks related to development programs."
Spirit Aerosystems Holdings closed at $18.73 on Thursday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tags: Topeka Capital Markets