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Hexcel price target raised to $77 from $67 at BMO Capital

BMO Capital raised the firm’s price target on Hexcel (HXL) to $77 from $67 and keeps a Market Perform rating on the shares after its Q3 earnings miss and guidance cut. The lower production across the supply chain is continuing to inflict near-term pain on Hexcel evidenced by the lower utilization rates in the quarter, which hurt the company’s margins and earnings, but with signs the aero supply chain is approaching an inflection point with the company set to participate as Boeing (BA) and Airbus (EADSY) ramp production in 2026, the outlook is beginning to look brighter, the analyst tells investors in a research note.

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