Topeka Capital Downgrades Spirit AeroSystems (SPR) to Hold
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Price: $21.75 +0.18%
Rating Summary:
10 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
10 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade SPR Now!
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, with a 52 week range of $13.96-$25.90.
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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, with a 52 week range of $13.96-$25.90.
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