Truist Securities Maintains Hold on Spirit AeroSystems Hldgs, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli has maintained a Hold rating on Spirit AeroSystems Holdings (NYSE:SPR) and increased the price target from $26 to $30. This adjustment reflects a more positive outlook on the company's future performance while still advising caution.
January 10, 2024 | 2:22 pm
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Spirit AeroSystems' Hold rating is maintained by Truist Securities, but the price target is raised from $26 to $30, indicating a potential upside but with a cautious stance.
The increase in the price target for Spirit AeroSystems by Truist Securities suggests that the analyst sees potential for the stock to rise to the new target of $30. This could lead to increased investor confidence and a potential short-term increase in the stock price. However, the Hold rating indicates that the analyst does not see significant momentum beyond the new target in the near term, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100