Needham & Company Reiterates a 'Buy' on Hexcel (HXL); Exceeds Expectations

Needham & Company reiterates a 'Buy' on Hexcel Corp. (NYSE: HXL) price target of $32.00.

Needham analyst says, "The company delivered a strong financial performance and outlook which exceeded our expectations. The strength was driven by the
commercial aerospace segment. In our view, Hexcel is well-positioned to benefit from growing demand for more energy efficient aircraft where the backlog is an estimated $3.7 billion...We believe our price-to-earnings multiple could be conservative as other material suppliers such as Molycorp (NYSE: MCP (Not/Covered) are trading at richer valuation levels."

For more ratings news on Hexcel Corp. click here and for the rating history of Hexcel Corp. click here.

Shares of Hexcel Corp. closed at $24.02 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Are we witnessing a fundamental or speculative rally in the S&P 500?
• UBS Downgrades Bharat Heavy Electricals Ltd (BHEL:IN) to Neutral
• Jefferies, UBS downgrade Victoria's Secret as rally leaves limited upside