KeyBanc Upgrades Hexcel Corp. (HXL) to Buy; Time to Board a Growth Flight

KeyBanc upgraded Hexcel Corp. (NYSE: HXL) from Hold to Buy. PT $28.

KeyBanc analyst says, "We believe Hexcel is poised to be one of the more exciting small cap growth stories in specialty chemical land with the lion's share of its growth potential tied to positive secular demand in commercial and military aerospace markets. With improved confidence that OE commercial aerospace is moving in the right direction and new commercial aircraft platforms will continue to ramp up in 2012E and beyond, we are upgrading HXL...We continue to see strong earnings growth in 2011E to $1.00 vs. $0.75 in 2010 (Company guidance $0.90-$1.05) driven by high-teens organic sales growth in the Commercial Aerospace business."

For more ratings news on Hexcel Corp. click here and for the rating history of Hexcel Corp. click here.

Shares of Hexcel Corp. closed at $20.94 yesterday.

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