RBC Capital upgraded Hexcel (HXL) to Outperform from Sector Perform with a price target of $74, up from $68. While it is early to have high conviction in an aerospace recovery, Hexcel is one manufacturer stock that does not yet reflect potential upside, the analyst tells investors in a research note. The firm says that “ideally” the company’s Q4 results will be a “clearing event” as management resets the 2025 and mid-term outlook. RBC believes Hexcel’s valuation is attractive at current levels into a “sentiment shift.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HXL:
- Hexcel Announces Leadership Transition and Board Changes
- Hexcel price target lowered to $60 from $63 at Deutsche Bank
- Hexcel management to meet with Truist
- Hexcel price target lowered to $63 from $64 at Deutsche Bank
- Jefferies aerospace & defense analysts hold analyst/industry conference call
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
