Fly News Breaks for March 2, 2020
Mar 2, 2020 | 07:10 EDT
Jefferies analyst Sheila Kahyaoglu lowered the firm's price target on Spirit AeroSystems (SPR) to $59 from $75 and keeps a Hold rating on the shares after the company's Q4 results, which were impacted by the headwind of the continued grounding of Boeing's (BA) 737 MAX as well as a price step-down on the Airbus (EADSY) A350. Spirit management has several items to juggle in 2020, which will be a difficult transition year, and Kahyaoglu sees a "steep climb back to 'normal' in 2022," the analyst tells investors.
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