Hexcel price target raised to $73 from $65 at BMO Capital

BMO Capital analyst John McNulty raised the firm’s price target on Hexcel to $73 from $65 but keeps a Market Perform rating on the shares after its Q4 earnings beat and guidance. The company’s outlook calls for 40% EPS growth and over 30% annual sales growth in 2023 driven by a continued recovery in the Commercial Aerospace, including the ramp of a number of composite heavy platforms as well as robust demand-growth in the Space & Defense markets, the analyst tells investors in a research note. The firm adds however that at its current valuation, the stock may be "ahead of itself".