Needham & Company Reiterates a 'Buy' on Hexcel Corp. (HXL); American Centrifuge Still Alive

Needham & Company reiterates a 'Buy' on Hexcel Corp. (NYSE: HXL) price target of $35.00.

Analyst, Michael Lew, said, "The American Centrifuge Program (ACP) could start to move forward after USEC (NYSE: USU) (N/C) and the Depart of Energy (DOE) signed a $350 million RD&D (research, development and demonstration) agreement to confirm the technology. The reinstitution of this program would add to Hexcel’s already sizeable backlog. We believe the recent pullback in HXL share price provides a good entry point for investors given the company’s solid financial visibility despite the surrounding market uncertainty."

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 $24.51 yesterday.

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