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Hexcel (NYSE:HXL) +1.4% in Wednesday’s buying and selling after Financial institution of America double upgraded shares to Purchase from Underperform with a $65 worth goal, raised from $45, citing the corporate’s continued power by way of the early phases of the industrial air site visitors restoration.
BofA’s Ronald Epstein views Hexcel (HXL) as a pure play on industrial aerospace carbon fiber, saying “elevated penetration of carbon fiber within the airframe of recent plane derivatives just like the A320neo and 737 MAX and clear sheet applications just like the A350 and 787 offers long-term progress.”
Regardless of the halt in 787 deliveries, Epstein sees “a chance for Hexcel to proceed its robust efficiency into the outyears as widebody volumes start rebounding within the mid-2020s.”
Investing in Hexcel (HXL) is “just for the affected person,” as the corporate struggles with ongoing macro headwinds, Leo Nelissen writes in an evaluation newly printed on Searching for Alpha.
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