Deutsche Bank Downgrades Hexcel (HXL) to Hold
HXL Hot Sheet
Rating Summary:7 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 9 | New: 35
Deutsche Bank downgrades Hexcel (NYSE: HXL) from Buy to Hold. Price target $10.
Deutsche analyst says, "Although we dislike churning our ratings so quickly, recent outperformance, aided by a strong quarter of management execution, has returned HXL to a premium vs. peers. Since Commercial OE risks remain overwhelmingly to the downside, we downgrade HXL to Hold given limited upside potential vs. our unchanged $10 target price."
Hexcel Corporation (Hexcel) is an advanced composites company. Hexcel develops, manufactures and markets lightweight, high-performance composites, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, for use in the commercial aerospace, space and defense, and industrial applications.
Deutsche analyst says, "Although we dislike churning our ratings so quickly, recent outperformance, aided by a strong quarter of management execution, has returned HXL to a premium vs. peers. Since Commercial OE risks remain overwhelmingly to the downside, we downgrade HXL to Hold given limited upside potential vs. our unchanged $10 target price."
Hexcel Corporation (Hexcel) is an advanced composites company. Hexcel develops, manufactures and markets lightweight, high-performance composites, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, for use in the commercial aerospace, space and defense, and industrial applications.
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