Buckingham Research Downgrades Spirit AeroSystems (SPR) to Neutral

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Sterne Agee Downgrades Spirit AeroSystems (SPR) to Neutral

October 26, 2012 8:20 AM EDT

Sterne Agee downgraded Spirit AeroSystems (NYSE: SPR) from Buy to Neutral.

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 $15.11 yesterday, with a 52 week range of $14.34-$26.00.... More

Spirit AeroSystems (SPR) Slammed Following Q3 Update; No Longer Expects to Meet Cost Targets

October 25, 2012 11:44 AM EDT

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) is getting clobbered Thursday following an updated to its guidance issued ahead of the bell.

Spirit said it would record about $590 million in total charged for the third quarter, from various programs such as the 787 and G650 initiatives. The company also noted it settled an insurance claim from an April storm at its Kansas facility.

Shares are down over 23 percent on heavy volume today.

The release is below:

"[Spirit AeroSystems Holdings, Inc.] expects to record pre-tax charges of approximately $184 million on the... More