JP Morgan Maintains Overweight on Spirit AeroSystems Hldgs, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has maintained an Overweight rating on Spirit AeroSystems Holdings (NYSE:SPR) but reduced the price target from $38 to $36.
November 16, 2023 | 3:10 pm
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NEGATIVE IMPACT
Spirit AeroSystems' Overweight rating is maintained by JP Morgan, but the price target is lowered from $38 to $36.
The reduction in the price target by JP Morgan, despite maintaining an Overweight rating, could lead to a negative perception among investors, potentially causing a short-term dip in SPR's stock price. The Overweight rating suggests a positive long-term outlook, but the lowered price target indicates a tempered expectation of future stock performance, which may influence investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100