Hexcel price target raised to $70 from $65 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on Hexcel to $70 from $65 but keeps a Sector Perform rating on the shares. The company reported "strong" Q1 results with "impressive" gross margins, but while its execution continues to surprise to the upside, the positives are "reflected in the stock", the analyst tells investors in a research note.