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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:17 EDTSPRSpirit AeroSystems weakness creates buying opportunity, says BB&T
After Spirit reported weaker than expected Q4 results, BB&T thinks the company has a credibility problem, but sees a buying opportunity, based on what it sees as the company's solid outlook and positive industry backdrop, as well as the decline in the stock price. The firm keeps a Buy rating on the shares.
News For SPR From The Last 14 Days
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February 23, 2015
06:51 EDTSPRAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 17, 2015
12:49 EDTSPRSpirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo
After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.

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