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Fly News Breaks for January 13, 2020
HXL, WWD
Jan 13, 2020 | 05:56 EDT
Credit Suisse analyst Robert Spingarn upgraded Woodward (WWD) to Outperform from Neutral with a $145 price target, up from $110. following the company's merger of equals with Hexcel (HXL). The analyst likes the deal from a long-term strategic angle, as he believes it will allow the two companies to better identify and solve key problems surrounding the greenhouse gas footprint of jetliners.