Spirit AeroSystems (SPR) PT Raised to $100 at BofA Securities

BofA Securities analyst Ronald Epstein raised the price target on Spirit AeroSystems (NYSE: SPR) to $100.00 (from $92.00) while maintaining a Buy rating.

The analyst comments "We hosted investor meetings in Boston with SFM’s CEO Jack Sinclair, CFO Curtis Valentine, President & COO Nick Konat, and VP of IR & Treasury Susannah Livingston. We reiterate our Buy rating on SFM and raise our PO from $92 to $100, now based on 17x (was 16x) our 2027E EPS given our increasing confidence in SFM’s “specialty shop” model, which should continue to benefit from 1) a high degree of assortment differentiation and significantly higher margins vs. most food retail peers; 2) a sustained 8%+ annual unit growth outlook (with 2027E expected to be back in line with SFM’s ~10% historical target); and 3) stronger comp sales/traffic and ROIC vs. traditional grocers."

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