Loop Capital analyst Chris Kapsch lowered his price target on Hexcel (HXL) to $69 and kept his Hold rating, saying that while its proposed merger of equals with Woodward (WWD) has some strategic merits, the expectations of top-line synergies for the new company are "much less obvious". The analyst adds that the long-term rate reduction prospects for Boeing's (BA) 737max production are becoming more likely and expects the uncertainty to weigh on Hexcel's near-term earnings. Kapsch warns that the positive investor reaction to the Woodword merger proposal announcement could still fade.

Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here

Reports Q1 revenue $16.6B, consensus $15.22B. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Dave Calhoun, Boeing president and CEO. "We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future."

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Boeing (BA) is expected to report results on its fiscal first quarter on Wednesday, April 24, with a conference call scheduled for 10:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSCrane... To see the rest of the story go to thefly.com. See Story Here

Sees Commercial Aerospace Up mid-teens; Space & Defense: Up mid-single digits; Industrial: Up low to mid-single digits.

Barclays analyst David Strauss lowered the firm's price target on Boeing to $190 from $235 and keeps an Equal Weight rating on the shares. The company reported 13 total deliveries in Q1, four storage and nine off line, the analyst tells investors in a research note.