Needham & Company Maintains a 'Buy' on Hexcel Corp. (HXL); Pulled Out Solid Performance Despite Tough Demand

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

Analyst, Michael Lew, said, "The company delivered a solid 2Q12 quarter of financial results in a tough demand setting. Each of the business lines reported growth led by commercial aerospace followed by wind energy. The topline strength should persist throughout the remainder of the year due to the over 8,300 commercial airplanes to be built over the next few years. In our view, this hefty backlog of business translates into strong financial visibility in a cloudy demand setting."

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 $24.63 yesterday.

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