In a report released yesterday, John McNulty from BMO Capital maintained a Hold rating on Hexcel, with a price target of $85.00.
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John McNulty has given his Hold rating due to a combination of factors, including Hexcel’s strong first‑quarter performance alongside a cautious outlook. He highlights that commercial aerospace demand has rebounded, channel inventories have normalized, and key platforms like the 787, 737 MAX, A320, and A350 all delivered robust growth, driving revenue and margin upside in the quarter.
At the same time, McNulty notes that management chose not to lift full‑year guidance despite the solid start, raising questions about the sustainability of current momentum into the second half of 2026. He also points to ongoing raw material and energy cost risks, potential margin pressure if geopolitical or commodity headwinds persist, and broader aerospace supply chain challenges that could restrain earnings, leading him to expect the shares to track roughly in line with the overall market rather than outperform.
In another report released yesterday, Bank of America Securities also maintained a Hold rating on the stock with a $95.00 price target.
HXL’s price has also changed moderately for the past six months – from $63.740 to $87.150, which is a 36.73% increase.