Hexcel upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital upgraded Hexcel (HXL) to Outperform from Sector Perform with a price target of $74, up from $68. While it is early to have high conviction in an aerospace recovery, Hexcel is one manufacturer stock that does not yet reflect potential upside, the analyst tells investors in a research note. The firm says that “ideally” the company’s Q4 results will be a “clearing event” as management resets the 2025 and mid-term outlook. RBC believes Hexcel’s valuation is attractive at current levels into a “sentiment shift.”