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According to Deutsche Bank, Spirit Aerosystems
SPR price target is raised to $26.
Deutsche Bank said that SPR closed the books on a year that was defined by difficulties on dev programs, charges, and the weakest FCF yr in the co's history. “Our PT is raised to $26 (from $25), based on ~12x our 2012 EPS estimate, in-line with SPR's historical multiple.”
Spirit Aerosystems closed yesterday at $24.20.
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