Spirit AeroSystems Holdings Receives “Buy” Rating from Bank of America (SPR)

Bank of America reissued their buy rating on shares of Spirit AeroSystems Holdings (NYSE: SPR) in a report released on Wednesday.

“The Spirit Aerosystems board of directors announced yesterday that it has named Larry Lawson as president and CEO of the company effective April 6, 2013. Mr. Lawson was formerly executive vice president of Lockheed Martin Aeronautics. He received a bachelor’s degree from Lawrence Technological University in Electrical Engineering and a master’s degree from University of Missouri in Electrical Engineering. He is a graduate of the Harvard Business School Advanced Management Program and an MIT Seminar XXI Fellow. He began his career at McDonnell Douglas as a flight control engineer working on the F-15 Eagle. At Lockheed Martin, Mr. Lawson oversaw aircraft production programs like the F-35, F-22, F-16, C-130J, and C-5.,” Bank of America’s analyst wrote.

Spirit AeroSystems Holdings (NYSE: SPR) traded up 0.19% on Wednesday, hitting $18.595. Spirit AeroSystems Holdings has a 1-year low of $18.43 and a 1-year high of $19.14. The stock’s 50-day moving average is currently $18.8. The company has a market cap of $2.671 billion and a price-to-earnings ratio of 76.07.

A number of other analysts have also recently weighed in on SPR. Analysts at Topeka Capital Markets downgraded shares of Spirit AeroSystems Holdings from a buy rating to a hold rating in a research note to investors on Friday, March 15th. They now have a $20.00 price target on the stock. Separately, analysts at Standpoint Research initiated coverage on shares of Spirit AeroSystems Holdings in a research note to investors on Monday, March 4th. They set a buy rating and a $24.00 price target on the stock. Finally, analysts at JPMorgan Chase raised their price target on shares of Spirit AeroSystems Holdings from $19.00 to $22.00 in a research note to investors on Wednesday, February 13th. They now have a neutral rating on the stock.

Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Spirit AeroSystems Holdings currently has a consensus rating of Hold and a consensus target price of $20.71.

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) is an independent non- original equipment manufacturer (OEM) aircraft parts designers and manufacturers of commercial aerostructures.

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