Hexcel downgraded to Sector Perform from Outperform at RBC Capital » 06:2308/0408/04/20
RBC Capital analyst…
RBC Capital analyst Michael Eisen downgraded Hexcel to Sector Perform from Outperform with a price target of $42, down from $52. The analyst warns that the continued pressure on the Commercial Aerospace market could have a prolonged impact on the company's capacity utilization and growth potential in the near term. Eisen also cuts Hexcel FY20 and FY21 EPS views by 45c and 48c to $1.12 and $1.59 respectively.
Hexcel downgraded to Sector Perform from Outperform at RBC Capital » 05:2108/0408/04/20
RBC Capital analyst…
RBC Capital analyst Michael Eisen downgraded Hexcel to Sector Perform from Outperform with a $42 price target.
|Over a week ago|
Fly Intel: Top five analyst downgrades » 10:1407/3007/30/20
AWI, CHEF, LB, CHRW, HXL
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Armstrong World (AWI) downgraded to Neutral from Outperform at Credit Suisse with analyst Adam Baumgarten citing his expectation of "much worse than expected" near term trends and rising risks in 2021, with the likelihood that ceilings would be included in commercial building upgrades looking "slim." 2. Chefs' Warehouse (CHEF) downgraded to Neutral from Overweight at Piper Sandler. 3. L Brands (LB) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying after the company reported better than expected Q2 sales, the shares traded up 35% to $25.88. 4. C.H. Robinson (CHRW) was downgraded to Hold from Buy at Loop Capital and Stifel. 5. Hexcel (HXL) downgraded to Sell from Hold at Loop Capital with analyst Chris Kapsch saying the fundamentals for the company could still get worse before turning better, with any meaningful inflection possibly "taking years instead of quarters." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Hexcel downgraded to Sell from Hold at Loop Capital » 07:1607/3007/30/20
Loop Capital analyst…
Loop Capital analyst Chris Kapsch downgraded Hexcel to Sell from Hold with a price target of $22, down from $33. The analyst notes that the fundamentals for the company could still get worse before turning better, with any meaningful inflection possibly "taking years instead of quarters". Kapsch adds that it would not be inconceivable if the Commercial Aerospace end market is among the last major industrial markets to recover post Covid as it is unclear when business and consumer travel may "return en masse."
Hexcel downgraded to Sell from Hold at Loop Capital » 07:0307/3007/30/20
Loop Capital analyst…
Loop Capital analyst Chris Kapsch downgraded Hexcel to Sell from Hold with a $22 price target.
Hexcel price target lowered to $47 from $52 at Credit Suisse » 08:4307/2907/29/20
Credit Suisse analyst…
Credit Suisse analyst Robert Spingarn lowered the firm's price target on Hexcel to $47 from $52 following quarterly results. The analyst keeps an Outperform rating on the shares.
Hexcel price target raised to $40 from $36 at Canaccord » 07:4307/2907/29/20
Canaccord analyst Kenneth…
Canaccord analyst Kenneth Herbert raised the firm's price target on Hexcel to $40 from $36 and keeps a Hold rating on the shares. The analyst believes the company's free cash flow outlook helps to offset its weak fundamentals including lower build rates across programs as well as customer inventory reductions.
Packaging Corp says Q3 corrugated product demand to be stronger » 17:4807/2807/28/20
CEO Mark Kowlzan says:…
CEO Mark Kowlzan says: "Looking ahead to the third quarter, we will stay focused on preserving our financial and balance sheet strength during these uncertain times. We will remain well-positioned to manage whatever lies ahead, while ensuring we take care of the needs and expectations of our employees, customers, suppliers and shareholders. During these unprecedented times, corrugated products demand has performed quite well so far this year, and we expect the third quarter to be even stronger. We began the third quarter with replenished, yet still relatively low, containerboard inventories and our expectation is that we will end the quarter at levels below where we started while managing scheduled outages at two of our mills. We have already announced the actions being taken in our Paper business, and we will continue to evaluate the demand for our paper products throughout the third quarter. However, shelter-in-place and lockdown conditions continue to change constantly across the country, and such events and actions could adversely impact these expectations and the operation of not only our facilities, but also the availability of services and products we rely upon from our suppliers. As a result, we are not able to appropriately quantify our guidance for the third quarter."
Packaging Corp. reports Q2 EPS $1.38, consensus $1.28 » 17:2607/2807/28/20
Reports Q2 revenue…
Reports Q2 revenue $1.54B, consensus $1.63B.
Fly Intel: After-Hours Movers » 19:0407/2707/27/20
AMKR, OMF, MEDP, VCRA, TNET, FIX, IVAC, AJRD, AGNC, PFG, SPPI, LUMO, BSM, BHC, BNTX, PFE, PRVL, CHMA, NXPI, FFIV, HXL, SSD, CRMD, BTAI
Check out this evening's…