Truist Securities Maintains Buy on Hexcel, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli has maintained a Buy rating on Hexcel (NYSE:HXL) but lowered the price target from $96 to $90.

April 19, 2024 | 1:56 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Hexcel, with a reduced price target from $96 to $90.
The adjustment in price target by Truist Securities reflects a recalibration of expectations for Hexcel's stock, possibly due to market conditions or company performance. While the Buy rating is maintained, indicating continued confidence in the company's prospects, the reduction in price target suggests a tempered outlook on the stock's short-term price performance. This could lead to a neutral short-term impact on Hexcel's stock as investors digest the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100