Needham & Company Maintains a 'Buy' on Hexcel Corp. (HXL); Pulled Out Solid Performance Despite Tough Demand
Tweet Send to a FriendGet Alerts HXL Hot Sheet
Price: $33.81 +1.53%
Rating Summary:
10 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade HXL Now!
Needham & Company maintains a 'Buy' on Hexcel Corp. (NYSE: HXL) price target of $35.00.
Analyst, Michael Lew, said, "The company delivered a solid 2Q12 quarter of financial results in a tough demand setting. Each of the business lines reported growth led by commercial aerospace followed by wind energy. The topline strength should persist throughout the remainder of the year due to the over 8,300 commercial airplanes to be built over the next few years. In our view, this hefty backlog of business translates into strong financial visibility in a cloudy demand setting."
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 $24.63 yesterday, with a 52 week range of $18.00-$28.01.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Michael Lew, said, "The company delivered a solid 2Q12 quarter of financial results in a tough demand setting. Each of the business lines reported growth led by commercial aerospace followed by wind energy. The topline strength should persist throughout the remainder of the year due to the over 8,300 commercial airplanes to be built over the next few years. In our view, this hefty backlog of business translates into strong financial visibility in a cloudy demand setting."
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 $24.63 yesterday, with a 52 week range of $18.00-$28.01.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Needham & Company Remains on Sidelines wth Applied Materials (AMAT) Post Q2
- BTIG Starts Ambac Financial (AMBC) at Buy, Interesting Play with 'Optionality'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Needham & Company, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
