Deutsche Bank Downgrades Hexcel (HXL) to Hold
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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.
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