UPDATE: Stifel Nicolaus Raises PT on Hexcel As Shares Approach Target

In a report published Tuesday, Stifel Nicolaus analyst Stephen Levenson reiterated a Buy rating on Hexcel Corporation HXL, and raised the price target from $35.00 to $40.00. In the report, Levenson noted, “The price of HXL shares is approaching our target. Given the rollout of the painted, flight-test A350XWB ahead of expectations, we think demand for Hexcel materials will rise and our 2014 forecast could prove to be conservative. Some news on the wind front also gives us confidence that demand for prepreg blades could rise.” Hexcel Corporation closed on Monday at $33.89.