BMO Capital analyst John McNulty lowered the firm’s price target on Hexcel (HXL) to $52 from $68 and keeps a Market Perform rating on the shares. The supply chain issues across the aerospace industry have again negatively impacted Hexcel’s earnings, with the major culprit being the heavily contented A350, but less robust rates for the A320 and 787 are also a headwind, the analyst tells investors in a research note.
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