Hexcel price target lowered to $50 from $61 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Hexcel (HXL) to $50 from $61 and keeps an Underweight rating on the shares. Among the Aerospace group, the uncertainty regarding tariffs increases the risk of further disruption of “an already vulnerable supply chain,” the analyst tells investors in a preview for the sector. In that context, the firm continues to prefer more defensive aftermarket names over original equipment makers, the analyst added.