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Spirit AeroSystems (SPR) Gets a Buy from Cowen & Co.

Cowen & Co. analyst Cai von Rumohr maintained a Buy rating on Spirit AeroSystems (SPRResearch Report) today and set a price target of $49.00. The company’s shares opened today at $25.91.

According to TipRanks, von Rumohr is a 4-star analyst with an average return of 3.1% and a 57.78% success rate. von Rumohr covers the Technology sector, focusing on stocks such as Boeing, General Dynamics, and Lockheed Martin.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spirit AeroSystems with a $45.64 average price target.

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The company has a one-year high of $53.26 and a one-year low of $24.90. Currently, Spirit AeroSystems has an average volume of 2.04M.

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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates its business through the following segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces and markets forward, mid, and rear fuselage sections and systems. The Propulsion Systems segment offers struts or pylons, nacelles, and related engine components. The Wing Systems segment includes the development, production, and market of wings, wing components, and other miscellaneous structural parts to primarily aircraft original equipment manufacturer, related spares, and maintenance, repair, and overhaul services. The company was founded on February 7, 2005 and is headquartered in Wichita, KS.

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