Wedbush Upgrades Hexcel Corp. (HXL) to Outperform
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Price: $94.25 -3.62%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
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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.
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