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Fly News Breaks for January 15, 2020
BA, SPR
Jan 15, 2020 | 06:22 EDT
BofA analyst Ronald Epstein downgraded Spirit AeroSystems (SPR) to Neutral from Buy with a price target of $77, down from $105. The analyst cites increased risks to the company's margin and performance following its announcement to halt Boeing's (BA) 737 MAX aircraft production as well as the layoff for its 2,800 employees in Wichita related to the production halt. Epstein remains positive on the management's focus on cost control, cash flow generation, and margin expansion, however.
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