Hexcel price target raised to $62 from $61 at Goldman Sachs

Goldman Sachs analyst Noah Poponak raised the firm’s price target on Hexcel (HXL) to $62 from $61 and keeps a Neutral rating on the shares. The firm notes the company’s Q2 results came in above consensus on revenue and EPS, but below on total company adjusted EBIT and cash flow. The company reiterated 2025 guidance, noting that destocking of A350 inventory in Europe likely remains a headwind through Q3, but should be largely resolved in Q4.