Truist Securities Downgrades Spirit AeroSystems Hldgs to Hold, Lowers Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Michael Ciarmoli has downgraded Spirit AeroSystems Hldgs (NYSE:SPR) from Buy to Hold and lowered the price target from $42 to $25.
August 04, 2023 | 12:55 pm
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Spirit AeroSystems Hldgs has been downgraded from Buy to Hold by Truist Securities, with a lowered price target from $42 to $25.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The lowered price target from $42 to $25 also suggests that the analyst believes the stock is overvalued at current prices, which could put downward pressure on the stock price.
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