Wells Fargo Downgrades Hexcel Corp. (HXL) to Equal Weight

Wells Fargo analyst Michael Sison downgraded Hexcel Corp. (NYSE: HXL) from Overweight to Equal Weight with a price target of $55.00 (from $63.00).

The analyst comments "D/G HXL to EW: HXL looks cheap vs its peer group, but we think numbers have to move lower even before the impact of an economic slowdown, as Airbus A350 appears to have been struggling to increase rate (likely not HXL's fault). HXL has among the highest op leverage in our coverage, and profitability could be significantly affected if the aero ramp were to slow. Our PT goes to $55 from $63 based on a 22x multiple on our 26 EPS estimate, near the low end of where suppliers trade on consensus 2025."

For an analyst ratings summary and ratings history on Hexcel Corp. click here. For more ratings news on Hexcel Corp. click here.

Shares of Hexcel Corp. closed at $52.76 yesterday.

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Home Depot (HD) call put ratio 1.5 calls to 1 put with a focus on September 330 puts into quarter results
• Phillips 66, Marathon Merger Talks Collapsed - Semafor