Imperial Capital initiated its coverage on Hexcel HXL 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.
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