RBC Capital raised the firm’s price target on Hexcel (HXL) to $105 from $95 and keeps an Outperform rating on the shares after its Q1 earnings beat. The stronger commercial air growth was the highlight of the quarter and the firm has confidence in improving ramp for Hexcel as management sees potential upside from Airbus 350 and 737 Max this year, the analyst tells investors in a research note.
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