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Spirit AeroSystems (SPR) Receives a Buy from Robert W. Baird

Robert W. Baird analyst Peter Arment maintained a Buy rating on Spirit AeroSystems (SPRResearch Report) on January 24 and set a price target of $60.00. The company’s shares closed last Thursday at $50.47.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 11.0% and a 63.1% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Maxar Technologies.

Spirit AeroSystems has an analyst consensus of Strong Buy, with a price target consensus of $60.25, representing a 21.5% upside. In a report issued on January 19, Jefferies also assigned a Buy rating to the stock with a $60.00 price target.

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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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