BofA Securities analyst Ronald Epstein raised the price target for Hexcel Corp. to $110.00 from $95.00. The firm maintained its Neutral rating on the shares.
The adjustment follows Hexcel's second-quarter earnings beat and an upward revision to its full-year 2026 guidance. BofA updated its revenue and earnings per share estimates to reflect sustained strength in commercial aerospace markets.
The new price target is based on a 1.1x price-to-free cash flow multiple relative to the S&P 500 on 2027 estimates. Analysts cited accelerating production ramps among Hexcel's commercial aerospace customers as the primary valuation driver.