Needham & Company Reiterates a 'Buy' on Hexcel Corp. (HXL); Solid Performance As Expected

Needham & Company reiterates a 'Buy' on Hexcel Corp. (NYSE: HXL) price target of $34.00.

Needham analyst says, "The company delivered a solid quarter of financial results benefitting from the ongoing commercial aerospace replacement cycle. We estimate the combined Boeing and Airbus backlog level is worth over $6 billion, providing the company with over 3 years financial visibility – an important factor to consider given the concerns about the global economy."

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 $25.95 yesterday.

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