Jefferies cuts Hexcel PT amid pressures in commercial aero business
04/10/2023 12:48
** Jefferies cuts PT for carbon fiber tech firm Hexcel Corp
HXL.N to $70 from $75, maintains "hold" rating
** The new price target represents a 6.72% upside to the
stock's last close
** "HXL's commercial aero exposure is expected to be
pressured in the medium term, given lower production and a
shrinking install base," Jefferies says
** Four of 18 brokerages rate the stock "buy" or higher, 12
"hold" and two "sell" or lower; their median PT is $74.50
** Hexcel stock up 11.45% YTD
(Reporting by Aishwarya Jain)
((Aishwarya.Jain@thomsonreuters.com))