BofA lowered the firm’s price target on Spirit AeroSystems (SPR) to $18 from $22 and keeps an Underperform rating on the shares with the company having “been in the hotseat for numerous quality control issues” in recent months. Following Boeing (BA) having announced that it found aft pressure bulkheads provided by Spirit featured misaligned and duplicated holes, the firm lowers its price target to account for the heightened risk around the prospect of a Spirit turnaround.
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