Topeka Capital Downgrades Spirit AeroSystems (SPR) to Hold

March 15, 2013 7:34 AM EDT
Get Alerts SPR Hot Sheet
Price: $56.56 -1.21%

Rating Summary:
    15 Buy, 13 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 23
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Topeka Capital downgraded Spirit AeroSystems (NYSE: SPR) from Buy to Hold with a price target of $20.00.

The firm comments, "We are downgrading shares of SPR to Hold from Buy, as the stock is up more than 10% year-to-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."

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 $18.73 yesterday.

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