Top Wall Street Forecasters Revamp Hexcel Price Expectations Ahead Of Q3 Earnings

Core Viewpoint - Hexcel Corporation is set to release its third-quarter earnings results on October 21, with expectations of improved earnings and revenue compared to the previous year [1] Financial Performance - Analysts predict Hexcel will report earnings of 46 cents per share, an increase from 38 cents per share in the same quarter last year [1] - The projected revenue for the recent quarter is $456.9 million, up from $427.28 million a year earlier [1] Analyst Ratings - Truist Securities analyst Michael Ciarmoli maintained a Buy rating but reduced the price target from $78 to $76 [2] - Vertical Research analyst Robert Stallard downgraded the stock from Buy to Hold with a price target of $65 [2] - Deutsche Bank analyst Scott Deuschle maintained a Hold rating and lowered the price target from $65 to $62 [2] - BMO Capital analyst John McNulty maintained a Market Perform rating and cut the price target from $71 to $70 [2] - RBC Capital analyst Ken Herbert downgraded the stock from Outperform to Sector Perform and reduced the price target from $76 to $68 [2]