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HXL - Hexcel sinks after BAML's double downgrade to Sell equivalent
Hexcel Corporation
Hexcel (HXL-6.5%) slumps to its lowest level in two months after BofA Merrill Lynch downgrades shares to Underperform from Buy and cuts its price target to $80 from $95, noting that Boeing's 787 is one of the company's largest aircraft programs, accounting for ~8% of HXL's total revenue.
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