Auriga Reiterates a 'Buy' on Spirit AeroSystems (SPR); Look for 2011 to Finish as Pivotal Year in Growth Story

Auriga reiterates a 'Buy' on Spirit AeroSystems (NYSE: SPR) price target of $27.50.

Auriga analyst said, "Thursday before the open, Spirit is expected to report fourth-quarter results. We expect the company to report flat sequential performance of $0.47 (up 8.2% y-o-y), with 24% year-over-year growth in operating income, mostly offset by a return to a normalized tax rate. We look for 2011 to finish as a pivotal year for SPR, as OEM production increases and reduced development risk provide nice tailwinds going forward."

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 $23.87 yesterday.

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