Loading...
Loading...
Goldman Sachs has downgraded Spirit AeroSystems
SPR to Neutral from Buy “as we simultaneously initiate Embraer
ERJ at Buy.”
“We also see a more balanced risk/reward for SPR relative to the rest of our Commercial Aerospace coverage in the near-to-medium term given continued 787 challenges, the related cash flow impact, and EPS volatility,” Goldman Sachs writes. “SPR shares are up 43.6% since we upgraded to Buy on 5/18/09, vs. the S&P up 34.6%. Shares are up 6.0% in the past 12 months vs. the S&P up 11.3%.”
Spirit AeroSystems closed Friday at $20.35; Embraer closed at $29.76.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in