Spirit AeroSystems upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Spirit AeroSystems (SPR) to Equal Weight from Underweight with a price target of $35, up from $22, as the firm factors in recent capital raises and shifting market sentiment and re-visits margin expectations. Spirit has secured better pricing from Boeing (BA) for the 787 in the near-term, while giving up pricing on the 737 program in the outyears, the analyst noted.