Hexcel price target lowered to $73 from $77 at UBS

UBS analyst Gavin Parsons lowered the firm’s price target on Hexcel to $73 from $77 and keeps a Neutral rating on the shares. Hexcel’s Q1 showed signs of efficiency initiatives bearing fruit, and while UBS sees the implied $600M 2026 EBITDA guidance as overly optimistic, that appears fully priced in following the recent sell-off on the CEO transition, the analyst tells investors in a research note. The firm thinks the recent sell-off is overdone.