UPDATE: Imperial Capital Initiates Hexcel at Outperform with $30 PT on Margin Improvement

Imperial Capital initiated its coverage on Hexcel

with an Outperform rating and a price target of $30 a share. Imperial Capital said, "We believe the late cycle commercial aerospace growth from the secular composite penetration will offset the potential for near-term wind pressure and potential delays in the Airbus A350. Margin improvement should continue as volumes ramp on the commercial aerospace market." Hexcel closed at $22.56 on Tuesday.