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UPDATE: Topeka Capital Markets Downgrades Spirit Aerosystems Holdings to Hold on Valuation

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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.

Latest Ratings for SPR

DateFirmActionFromTo
Jul 2015JP MorganInitiates Coverage onOverweight
May 2015RBC CapitalDowngradesOutperformSector Perform
Apr 2015JefferiesMaintainsBuy

View More Analyst Ratings for SPR
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

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