Citigroup Downgrades Spirit AeroSystems Hldgs to Neutral, Lowers Price Target to $37.25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Gursky has downgraded Spirit AeroSystems Holdings (NYSE:SPR) from Buy to Neutral and lowered the price target from $39 to $37.25.

July 03, 2024 | 12:41 pm
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NEGATIVE IMPACT
Citigroup analyst Jason Gursky downgraded Spirit AeroSystems Holdings from Buy to Neutral and lowered the price target from $39 to $37.25.
The downgrade from Buy to Neutral and the reduction in the price target by Citigroup is likely to have a negative short-term impact on SPR's stock price. Downgrades typically signal reduced confidence in the stock's performance, which can lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100