Auriga Reiterates a 'Buy' on Spirit AeroSystems (SPR); Raising PT on Improving Underlying Trends
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Price: $39.50 --0%
Rating Summary:
10 Buy, 22 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
10 Buy, 22 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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Auriga reiterates a 'Buy' on Spirit AeroSystems (NYSE: SPR) price target raised from $27.50 to $30.00.
Auriga analyst says, "Spirit AeroSystems reported fourth-quarter GAAP EPS of $0.42, with strong underlying operating results of $0.57 excluding several one-time items. We view charges taken in the fourth-quarter as a positive as we believe it sets the stage for a clean start to 2012. Given upward revisions to our estimates, we are increasing our price target, reflecting a consistent multiple of 11x our FY13 estimate of $2.65. Moreover, we see good likelihood for incremental multiple expansion on a sequential basis as the company begins to execute on a stronger OEM backdrop."
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 $24.16 yesterday.
Auriga analyst says, "Spirit AeroSystems reported fourth-quarter GAAP EPS of $0.42, with strong underlying operating results of $0.57 excluding several one-time items. We view charges taken in the fourth-quarter as a positive as we believe it sets the stage for a clean start to 2012. Given upward revisions to our estimates, we are increasing our price target, reflecting a consistent multiple of 11x our FY13 estimate of $2.65. Moreover, we see good likelihood for incremental multiple expansion on a sequential basis as the company begins to execute on a stronger OEM backdrop."
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 $24.16 yesterday.
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