Truist Securities Maintains Buy on Hexcel, Lowers Price Target to $88
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 $90 to $88.

April 24, 2024 | 1:02 pm
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Truist Securities maintains a Buy rating on Hexcel, but lowers the price target from $90 to $88.
The adjustment in price target by Truist Securities reflects a slight modification in their valuation assessment of Hexcel. While the Buy rating indicates continued confidence in the company's fundamentals, the reduced price target may temper expectations for near-term stock price appreciation. However, the impact is likely neutral in the short term as the adjustment is minor and the Buy rating remains unchanged, suggesting continued positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100