Needham & Company Ahead of Hexcel Corp's (NYSE: HXL) Conference Call: Bullish Outlook Likely To Be Reiterated
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Price: $103.14 -0.89%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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Needham & Company reiterates a 'Buy' on Hexcel Corp. (NYSE: HXL) price target of $34.00.
Needham analyst says, "We expect Hexcel to reiterate its bullish outlook during its 4Q11 earnings call on Thursday, January 26th at 11AM ET. Emphasis is likely to be placed on the increasing capex spend in order to fulfill strong demand for carbon fiber. Wind energy could be positioned for a pick up as companies seek to take advantage of the American Renewable Production Tax Credit that expires at year end. In addition, the company is well-positioned to benefit from a burgeoning backlog of commercial aircraft which provides multiple years of financial visibility. This is an important factor to consider, especially during these uncertain economic times."
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 $25.59 yesterday.
Needham analyst says, "We expect Hexcel to reiterate its bullish outlook during its 4Q11 earnings call on Thursday, January 26th at 11AM ET. Emphasis is likely to be placed on the increasing capex spend in order to fulfill strong demand for carbon fiber. Wind energy could be positioned for a pick up as companies seek to take advantage of the American Renewable Production Tax Credit that expires at year end. In addition, the company is well-positioned to benefit from a burgeoning backlog of commercial aircraft which provides multiple years of financial visibility. This is an important factor to consider, especially during these uncertain economic times."
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 $25.59 yesterday.
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