Hexcel Announces 13.6% Increase in Quarterly Dividend

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Hexcel Corp. (HXL) PT Lowered to $50 at Jefferies Following 2Q Miss

July 25, 2017 7:09 AM EDT

Jefferies lowered its price target on Hexcel Corp. (NYSE: HXL) to $50.00 (from $52.00) while maintaining a Hold rating following 2Q earnings report. Hexcel reported Q2 EPS of $0.67 vs the consensus estimate of $0.69. A lower tax rate contributed $0.03 to EPS.

Jefferies' new 2017 and 2018 EPS estimates of $2.65 and $3.00,... More