Wedbush Neutral on Hexcel

Wedbush is out with a research report on Hexcel

and it has a Neutral rating and $24 price target on shares. In a note to clients, Wedbush writes, "Today Hexcel addressed the impact the new re-engined narrow body aircraft will have, indicating that ship set values could go up by as much as 50%. This had been one of the key questions investors have focused on recently, and a major reason, in our view, for the stock being up 5.25% on a day when the S&P 500 only saw a 0.81% move." Shares of HXL gained $1.11 yesterday to close at $22.27, a gain of 5.25%.