Spirit AeroSystems (SPR) Receives a Buy from Barclays


Barclays analyst David E. Strauss maintained a Buy rating on Spirit AeroSystems (SPR) on August 2 and set a price target of $95. The company’s shares closed on Friday at $76.16.

According to TipRanks.com, Strauss is a 4-star analyst with an average return of 5.9% and a 60.0% success rate. Strauss covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies Inc, Transdigm Group Inc, and Boeing.

Currently, the analyst consensus on Spirit AeroSystems is a Hold with an average price target of $86.83.

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Based on Spirit AeroSystems’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $168 million. In comparison, last year the company had a net profit of $145 million.

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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates its business through the following segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces and markets forward, mid, and rear fuselage sections and systems.

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