UPDATE: Wolfe Research Upgrades Spirit AeroSystems (SPR) to Peerperform

Wolfe Research analyst Myles Walton upgraded Spirit AeroSystems (NYSE: SPR) from Underperform to Peerperform.

The analyst comments "We're moving to Peer Perform from Underperform on SPR as we believe most bad news for the stock is out following 20% relative underperformance since our initiation. Moreover, some incremental good news has come to the surface---both from the BA's investor day (i.e. no new plane and BA targeting 50/mo MAX production ex China in '25/'26) and SPR's 3Q results (clean segment margins). We lay out the positives and negatives inside in detail."

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 $23.43 yesterday.

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