Stifel initiated coverage of Spirit AeroSystems (SPR) with a Hold rating and $28 price target. While Spirit’s recent MoA with Boeing (BA), as well as changes to the capital structure, are helping to reduce concerns about 2025 debt maturities, the firm continues to expect free cash flow headwinds and a slow recovery to normalized EPS to limit additional upside in the near term, the analyst tells investors.
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