Davenport has upgraded Spirit AeroSystems from a Neutral to a Buy and set a target price of $20, according to a report by MSN Money. The firm notes that Boeing and Airbus have not announced any production rate cuts for 2010, and while there is no chance of production increases, it’s possible that both planemakers may maintain production at current levels in fear of losing market share, the report says.
Spirit AeroSystems upgraded to Buy by Davenport
- By Molly McMillin
- Posted Jan. 7, 2009 at 10:21 a.m.
- Filed under Uncategorized
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