BofA analyst Ronald Epstein downgraded Hexcel to Neutral from Buy with a price target of $75, up from $70. While the firm sees positive catalysts for 2023, it believes that Hexcel shares are trading near fair value following the positive reaction in the share price to the company’s "strong" Q4 report. If investors are looking to buy for the commercial aerospace recovery, there are "cheaper options available," argues BofA.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on HXL:
