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Spirit AeroSystems (SPR) Q3 Shows Poor Operating Execution, Say Analysts

November 2, 2012 1:38 PM EDT Send to a Friend
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Price: $37.04 -0.35%

Rating Summary:
    11 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 11
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Jefferies maintained a Buy rating on Spirit AeroSystems (NYSE: SPR) and cut its price target to $21.00 (from $28.00). Spirit is the world's leading non-OEM designer and manufacturer of aerostructures.

"SPR's Q3:12 results showed improvement in the underlying business, but also displayed the power of poor operating execution," said analyst Howard A. Rubel.

"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," said Rubel.

For an analyst ratings summary and ratings history on Spirit AeroSystems click here. For more ratings news on Spirit AeroSystems click here.

Shares of Spirit AeroSystems closed at $15.99 yesterday.




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