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Fly News Breaks for December 14, 2017
HXL
Dec 14, 2017 | 07:45 EDT
Loop Capital analyst Chris Kapsch says there was nothing in Hexcel's investor presentation this week that would compel a more positive outlook for the company. Despite the strong participation on advanced commercial aircraft and a favorable end-market backdrop, the 2018 EPS midpoint guidance was well below consensus view, writes the analyst in his research note. Kapsch keeps his Hold rating and a $64 price target on Hexcel, adding that the company has also increased its capital spending expectations, which diminishes stronger free cash flow generation prospects.