Spirit AeroSystems Holdings, Inc.
SPR
pitch
long
Madina Baikadamova, Sowan Cha, Jean Cui, Claudine Fernandez
Thesis
We are long on Spirit Aerosystems (SPR) with an end of 2017 price target of $72, offering 31% upside from 11/11/2016's price of $55.02. The investment thesis is supported by favorable industry dynamics, high customer captivity due to exclusive contracts, and growing profitability from maturing programs like the Boeing 787 and A350XWB.
Did it work?
failed
confidence: high
The investment thesis for Spirit Aerosystems anticipated a price target of $72 by the end of 2017, representing a 31% upside from the initial price of $55.02. However, the stock has declined by 48.2% since the pitch, indicating that the expected favorable industry dynamics and profitability growth did not materialize as anticipated.
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