Wedbush Upgrades Hexcel Corp. (HXL) to Outperform
Tweet
Share
E-mailGet Alerts HXL Hot Sheet
Price: $92.80 +0.40%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 5
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 5
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.
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
- Freedom Broker Upgrades Freeport-McMoRan (FCX) to Buy
- Asana (ASAN) PT Raised to $10 at UBS, Neutral Rating Maintained on 'Full' Valuation
- Hello Group (MOMO) PT Lowered to $8 at StoneX, Buy Rating Maintained
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, UpgradesSign 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!
