Hexcel price target lowered to $90 from $96 at Truist

Truist lowered the firm’s price target on Hexcel (HXL) to $90 from $96 and keeps a Buy rating on the shares as part of a broader research note on Aerospace and Defense names. The firm warns of a potentially challenging set-up for the sector heading into Q1 results, with commercial aero OEM exposed names being negatively impacted in the near-term by Boing’s (BA) MAX uncertainty, which may prompt caution regarding 2024 outlook commentary, the analyst tells investors in a research note.