BofA Elevates Hexcel Rating to Neutral, Boosts Price Target to $95 as Aerospace Destocking Eases
BofA Securities raised its rating on Hexcel Corp. from Underperform to Neutral and lifted its price target to $95 from $60, citing fading destocking across the aerospace supply chain and improving production rates at aircraft manufacturers. The move follows recent quarterly results that beat expectations and comes amid share repurchases and positiv…