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Fly News Breaks for July 24, 2019
HXL, BA
Jul 24, 2019 | 07:22 EDT
KeyBanc analyst Michael Sison raised his price target for Hexcel (HXL) to $91 from $86 following another "strong" quarter, despite the headwind from the Boeing (BA) 737 MAX. The analyst reiterates an Overweight rating on Hexcel's shares.
News For HXL;BA From the Last 2 Days
BA
Sep 17, 2019 | 11:02 EDT
Boeing (BA) and Safran (SAFRY) announced a joint investment in Electric Power Systems, or EPS, which is a company offering a suite of "safe, certifiable and lightweight energy storage products that provide high-quality power for aerospace and other markets." The companies said the joint investment "will help EPS develop a highly automated industrial base capable of producing aviation-grade energy storage systems at an unprecedented scale. The investment will also support the advancement of technologies to further reduce the costs of battery systems for electric airplanes."