UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Spirit AeroSystems Holdings
In a report published Friday, Jefferies & Company reiterated its Buy rating on Spirit AeroSystems Holdings (NYSE: SPR), but lowered its price target from $28.00 to $21.00.
Jefferies noted, “SPR's Q3:12 results showed improvement in the underlying business, but also displayed the power of poor operating execution. Ex-items, but including the cumulative operating catch-up, EPS were $0.74 vs. Cons. of $0.53 and our est of $0.62. Core programs have operating leverage, and pricing risk seems modest. From a much lower base, shares could still outperform. We continue to rate SPR a BUY.”
Spirit AeroSystems Holdings closed on Thursday at $15.99.
Latest Ratings for SPR
|Feb 2017||Standpoint Research||Downgrades||Buy||Hold|
|Jan 2017||SunTrust Robinson Humphrey||Initiates Coverage On||Hold|
|Jan 2017||Bank of America||Downgrades||Neutral||Underperform|
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