Spirit AeroSystems (SPR) Receives 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 $42.00. The company’s shares closed yesterday at $26.69.

von Rumohr covers the Technology sector, focusing on stocks such as Boeing, Spirit AeroSystems, and General Dynamics. According to TipRanks, von Rumohr has an average return of 4.4% and a 62.94% success rate on recommended stocks.

In addition to Cowen & Co., Spirit AeroSystems also received a Buy from J.P. Morgan’s Seth Seifman in a report issued on November 14. However, on November 11, Bank of America Securities downgraded Spirit AeroSystems (NYSE: SPR) to a Sell.

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The company has a one-year high of $53.26 and a one-year low of $21.14. Currently, Spirit AeroSystems has an average volume of 2.38M.

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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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