Truist raised the firm’s price target on Hexcel to $68 from $59 and keeps a Hold rating on the shares. The company reported a "strong" Q1, and while its margin strength may not be sustainable into Q2, Hexcel’s solid execution and higher volumes on the back of aircraft rate increases gives the firm confidence that the management will likely revise up its 2023 outlook on its Q2 earnings call, the analyst tells investors in a research note.
Published first on TheFly
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