Wedbush Upgrades Hexcel Corp. (HXL) to Outperform

April 24, 2012 8:32 AM EDT Send to a Friend
Get Alerts HXL Hot Sheet
Price: $41.07 +0.54%

Rating Summary:
    10 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 8 | New: 33
Trade HXL Now!
Join SI Premium – FREE
Wedbush upgraded Hexcel Corp. (NYSE: HXL) from Neutral to Outperform, price target raised from $25 to $32.

Analyst, Kenneth Herbert, said, "The sales growth in commercial aerospace at
23% surpassed the high-end of our expectations. Defense and Space sales grew by just 6.5%, while industrial revenues were up 34%. Legacy commercial aircraft programs grew over 20%, more than we expected. New programs (A380, A350, 747-8 and 787) grew over 20%, as we expected. The A380 was the key driver in the quarter."

"We believe that the 1Q 12 results and the expected increase in estimates will
push the stock above its recent $24 to $26.50 range. We believe investors will
re-set growth and margin expectations." (FY12 EPS estimate raised froM $1.43 to $1.55 and FY13 from $1.53 to $1.65)

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 $26.29 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst EPS Change, Analyst EPS View, Analyst PT Change, Upgrades

Add Your Comment