Barclays maintains an 'Overweight' on Spirit AeroSystems (SPR); Adjusting Q1 Estimate

Barclays maintains an 'Overweight' on Spirit AeroSystems (NYSE: SPR), PT $25.

Barclays analyst says, "Ahead of Spirit's Q1 FY2011 earnings release scheduled for Thursday May 5th we are adjusting our Q1 EPS estimate to reflect the previously announced $28 million (~$0.13) pre-tax charge related to the development of the CH-53K helicopter program as well as slight updates to our model reflecting improvements in our operating assumptions. As a result, our Q1 EPS estimate goes from $0.42 to $0.31; our full-year FY2011 EPS estimate of $1.80 remains the same."

For more ratings news on Spirit AeroSystems click here and for the rating history of Spirit AeroSystems click here.

Shares of Spirit AeroSystems closed at $24.54 yesterday.

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