Spirit AeroSystems (SPR) PT Raised to $56 at Jefferies

Jefferies analyst Howard Rubel reiterated a Buy rating and raised his price target on Spirit AeroSystems (NYSE: SPR) to $56.00 (from $50.00) following solid Q4 results.

Rubel commented, "SPR reported Adjusted EPS of $0.87 vs. our non-GAAP estimate of $0.82 and consensus of $0.75. Strong core performance was driven by an intense focus on cost structure and performance. The free cash flow story emerged in 2014 and should continue into 2015 and beyond. We raise our Price Target by $6 to $56, which reflects a more favorable multiple given the derisking of the business."

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 $48.52 yesterday.

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