Spirit AeroSystems downgraded to Underperform from Neutral at Buckingham Buckingham downgraded Spirit as the firm expects the company to take additional charges, and predicts that analysts will lower their estimates for the company. The firm also sees less likelihood of the company recovering its mounting losses on its Gulfstream and A350XWB programs. Target to $21 from $26.
Spirit AeroSystems Q2 results should support upside expectations, says Canaccord Canaccord previewed Spirit AeroSystems Q2 results and expects them to be strong enough to support long-term cash upside and near-term margin upside. The firm remains bullish on the commercial aerospace cycle and expects the results to be a positive catalyst for the stock. Canaccord reiterated its Buy rating and $60 price target on Spirit AeroSystems shares.