Hexcel price target raised to $70 from $65 at RBC Capital

RBC Capital raised the firm’s price target on Hexcel (HXL) to $70 from $65 and keeps an Outperform rating on the shares after its Q2 earnings beat. The firm notes that while the A350 demand pull remains soft, the strength in defense and space has offset the weaker A350 outlook and supports the management’s 2025 guidance reaffirmation, the analyst tells investors in a research note. Hexcel’s improvements in other commercial programs are incrementally positive as well, RBC added.