Spirit AeroSystems price target raised to $32 from $30 at UBS

UBS raised the firm’s price target on Spirit AeroSystems (SPR) to $32 from $30 and keeps a Neutral rating on the shares. Spirit’s quarter had both positives and negatives, but an Airbus (EADSY) deal could be a positive catalyst and stable MAX production rates go a long way toward reducing quality escapes, the analyst tells investors in a research note. At the same time, the firm notes that the cost environment remains challenging and Spirit sees further forward losses on the A220 and A350 programs, negating a large portion of the 787 reversal.