Needham & Company Maintains a 'Buy' Hexcel Corp. (HXL); Ramp-Up Is Just Beginning
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Price: $35.32 +2.29%
Rating Summary:
10 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
10 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade HXL Now!
Needham & Company maintains a 'Buy' Hexcel Corp. (NYSE: HXL) price target of $34.00.
Analyst, Michael Lew, said, "In our view, Hexcel is well positioned as a strategic supplier of carbon fiber to a commercial aerospace sector that is undergoing a secular shift toward more composite-intensive aircraft. We are increasing our near-term estimates to reflect the onset of a ramp-up in build rates as airplane manufacturers work off a large backlog of orders. Our bullish view is based on the company's strong financial visibility in these uncertain economic times."
Needham raises FY12 EPS estimate from $1.35 to $1.40. FY12 revs from $1.514 bln to $1.548 bln.
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 $24.53 yesterday, with a 52 week range of $17.33-$26.97.
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Analyst, Michael Lew, said, "In our view, Hexcel is well positioned as a strategic supplier of carbon fiber to a commercial aerospace sector that is undergoing a secular shift toward more composite-intensive aircraft. We are increasing our near-term estimates to reflect the onset of a ramp-up in build rates as airplane manufacturers work off a large backlog of orders. Our bullish view is based on the company's strong financial visibility in these uncertain economic times."
Needham raises FY12 EPS estimate from $1.35 to $1.40. FY12 revs from $1.514 bln to $1.548 bln.
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 $24.53 yesterday, with a 52 week range of $17.33-$26.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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