Northcoast downgraded Hexcel (HXL) to Neutral from Buy without a price target. The analyst cites uncertainty from the CEO change and the possibility of a Federal Aviation Administration on the Boeing 787 (BA) for the downgrade. The firm expects pushback on Hexcel’s choice of next Hexcel CEO, Tom Gentile, formerly the head of Spirit AeroSystems (SPR), ad sees possible setbacks to the aerospace supply chain from the whistleblower allegations about the Boeing 787 aircraft manufacturing process.
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