Hexcel price target lowered to $68 from $70 at BMO Capital

BMO Capital lowered the firm’s price target on Hexcel (HXL) to $68 from $70 and keeps a Market Perform rating on the shares. Hexcel’s focus on managing to the needs of its customers, while chipping at them in the near-term from the cost side, further demonstrates why it is viewed as a top partner by its end-customers and why it has gained share over the years, the analyst tells investors in a research note. The firm remains on the sidelines with the Boeing (BA) strike as well as supply chain related delays.