Hexcel price target raised to $73 from $67 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag raised the firm’s price target on Hexcel to $73 from $67 and keeps an Equal Weight rating on the shares. As Hexcel prepares for higher production rates, the firm expects it to focus on optimizing its cash position and increasing cash flow generation, which could potentially provide capital deployment opportunities going forward, the analyst tells investors in a research note.