Baird analyst Peter Arment raised his price target on Spirit AeroSystems to $64 from $54 following strong Q3 results. The analyst cited the company's on-track A350 program and management taking the cost out of the base business, which is translating into consistent cash generation and robust free cash flow. Arment reiterated his Outperform rating on Spirit AeroSystems shares.
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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