Hexcel price target lowered to $71 from $73 at Truist

Truist lowered the firm’s price target on Hexcel to $71 from $73 and keeps a Hold rating on the shares. The company’s Q2 results were strong and the management increased its 2023 outlook, but the magnitude of the upward revision was light relative to consensus, the analyst tells investors in a research note. At current levels, Truist sees Hexcel shares as “fairly valued”.