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Fly News Breaks for October 15, 2019
HXL
Oct 15, 2019 | 16:39 EDT
Wells Fargo analyst Michael Sison initiated coverage of Hexcel with a Market Perform rating and $85 price target. The analyst believes Hexcel is a "high quality aerospace/industrial company" with a "strong" near-term earnings outlook and "positive" outlook into 2020, but added that the company is "highly leveraged to a large backlog of commercial and military aircrafts and wind energy as well as a secular-trends, where carbon fiber composites are increasing its content on aircrafts."
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