BMO Capital raised the firm’s price target on Hexcel to $73 from $69 and keeps a Market Perform rating on the shares after its financial outlook at this week’s Investor Day. The management forecast a solid outlook through 2026, which includes 10%-12% top-line growth and above-25% EPS growth, with much of the growth to come from Commercial Aero as narrow/wide body build rates ramp to meet the over-$9B backlog, the analyst tells investors in a research note. BMO also sees solid contribution from Space & Defense and Industrial segments, the firm added.
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Read More on HXL:
- Hexcel price target raised to $81 from $78 at Wells Fargo
- Event 1 Description: The company announced that it will host an investor day event on April 22, 2021, from 1:00 PM to 4:00 PM ET. The event will feature presentations from the executive team, focusing on strategic initiatives, financial updates, and long-term growth strategies. Attendees will have the opportunity to ask questions during a live Q&A session. The event will be webcasted live, and a replay will be available for those who cannot attend.
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