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Upgrade Alert for Spirit Aerosystems Holdings (SPR)

By Shiri Gupta

Spirit Aerosystems Holdings (NYSE:SPR) was upgraded from Underperform to Neutral at Buckingham today. The stock closed yesterday at $46.23 on volume of 1.6 million shares, above average daily volume of 1.5 million.

There is potential upside of 28.0% for shares of Spirit Aerosystems Holdings based on a current price of $46.23 and an average consensus analyst price target of $59.15. Spirit Aerosystems Holdings shares should first meet resistance at the 50-day moving average (MA) of $46.53 and find additional resistance at the 200-day MA of $49.22.

Spirit AeroSystems Holdings Inc. designs and manufactures aerostructures including fuselages, propulsion systems and wing systems for commercial and military aircrafts.

In the past 52 weeks, Spirit Aerosystems Holdings share prices have been bracketed by a low of $40.03 and a high of $57.99 and closed yesterday at $46.23, 15% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 0.15% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Spirit Aerosystems Holdings and will alert subscribers who have SPR in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades spirit aerosystems holdings

Ticker(s): SPR