BMO Capital analyst John McNulty raised his price target on Hexcel to $84 and kept his Outperform rating after its Analyst Day presentation forecast of double-digit earnings and 6-9% revenue growth per year over the next 3 years. The analyst cites the company's expected benefit from the Space & Defense as well as Industrial segments while also noting a "reasonable" rate of growth in its Commercial Aerospace business given the ramp of its platforms. McNulty adds that Hexcel has the backlog to support its revenue growth projections, also anticipating its "sizable cash flow" to be allocated toward M&A and buybacks.