UBS Maintains a 'Buy' on Spirit AeroSystems (SPR); 'Room to Go' on Higher Rates and Better Cash

UBS maintains a 'Buy' on Spirit AeroSystems (NYSE: SPR) price target raised from $23 to $27.

UBS analyst says, "SPR has rallied post solid Q3, outperforming its aerospace peers by nearly 30%. However, still trading at an above-average 30%+ discount to the group, we think SPR can trade higher on inline 2012 EPS guidance with breakeven to positive FCF. We see further upside for the stock on higher production rates and better cash flow and are raising our price target."

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 $23.38 yesterday.

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