Top Wall Street Forecasters Revamp Hexcel Price Expectations Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
Hexcel Corporation (NYSE:HXL) is set to release its Q3 earnings on Oct. 21, with expectations of increased earnings and revenue compared to last year. Despite missing Q2 revenue estimates and lowering its FY24 outlook, analysts have adjusted their ratings and price targets for HXL. Notably, Truist Securities maintained a Buy rating but reduced the price target, while other analysts have downgraded or maintained Hold ratings with adjusted price targets.
October 21, 2024 | 4:01 pm
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Hexcel is expected to report improved Q3 earnings and revenue, but recent analyst downgrades and price target cuts suggest cautious sentiment. The stock recently closed at $62.72, with mixed analyst ratings.
Hexcel is releasing its Q3 earnings soon, with expectations of improved financials. However, the recent downgrades and price target reductions by multiple analysts indicate a cautious outlook, which could neutralize any positive impact from the earnings report. The stock's recent performance and mixed analyst ratings suggest a balanced short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100