Needham & Company Initiates Coverage on Hexcel Corp. (HXL) with a 'Buy'; Getting Ready For Takeoff

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HXL Hot Sheet

Rating Summary:
7 Buy, 2 Hold, 1 Sell

Rating Trend:

Up

Today's Overall Ratings:
Up: 0 | Down: 0 | New: 1

Needham & Company initiates coverage on Hexcel Corp. (NYSE: HXL) with a Buy rating. PT $20.

Needham analyst says, "In our view, HXL shares present a solid way for investors to invest in the secular transition toward composite material applications in the revitalizing commercial aerospace market, with Airbus (N/R) and Boeing (NYSE: BA)(N/R) announcing build rate increases for narrow-body planes. In addition, the company should benefit from an eventual pickup in wind energy deployments."

HXL's current market cap is $1.70B and shares recently tapped a 52-wk high (in the first week of August) and are up about 70% in the past year.

To see all the upgrades/downgrades on shares of HXL, visit our Analyst Ratings page.

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