Hexcel price target raised to $85 from $76 at Truist

Truist raised the firm’s price target on Hexcel (HXL) to $85 from $76 and keeps a Buy rating on the shares after its Q4 results. A top and bottom line beat was complimented by a FY25 guide that includes 10% commercial aero revenue growth based on what the firm sees as a reasonable expectations for rates increases across platforms, the analyst tells investors in a research note. The planned divestiture of the facility in Austria and troubled wind glass-fiber business should also lead to mild margin accretion, the firm added.