Truist analyst Michael Ciarmoli lowered the firm’s price target on Hexcel (HXL) to $80 from $85 and keeps a Buy rating on the shares after meeting with its management team. The firm remains convinced that Hexcel represents one of the more compelling commercial aero OEM pure plays that still has return to peak margin/EPS potential, but uncertainty around the A350 may be a headwind in FY25 and may push results to the low end of the management’s guidance, the analyst tells investors in a research note.
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