UBS analyst David Strauss downgraded Spirit AeroSystems to Neutral saying lower 777 production rates and "deflationary pricing on mature programs" will slow the company's cash generation. Strauss cut his price target for the shares to $48 from $65.
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Boeing (BA) is expected to report results on its fiscal first quarter on Wednesday, April 24, with a conference call scheduled for 10:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here