Needham & Company Reiterates a 'Buy' on Hexcel Corp. (HXL); Well Positioned To Benefit From Aerospace Cycle
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Price: $104.07 +1.72%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Hexcel Corp. (NYSE: HXL) price target raised $1 to $35.
Analyst, Michael Lew, said, "We see Hexcel flying high at this point on better than expected performances across its various business lines that enabled the company to deliver strong fiscal 1Q12 financial results. The demand for more composite intensive aircraft appears to be the primary driver for a better near-term outlook. In our view, the company is well positioned to benefit from the ongoing aerospace cycle and should benefit from Boeing’s (NYSE: BA) and Airbus’ sizeable backlog." (Needham raises FY12 EPS estimate from $1.40 to $1.53 and FY13 from $1.60 to $1.70)
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, Michael Lew, said, "We see Hexcel flying high at this point on better than expected performances across its various business lines that enabled the company to deliver strong fiscal 1Q12 financial results. The demand for more composite intensive aircraft appears to be the primary driver for a better near-term outlook. In our view, the company is well positioned to benefit from the ongoing aerospace cycle and should benefit from Boeing’s (NYSE: BA) and Airbus’ sizeable backlog." (Needham raises FY12 EPS estimate from $1.40 to $1.53 and FY13 from $1.60 to $1.70)
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.
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