2020-09-10 07:03:59 HXL Hexcel
09/10/20 09/1007:03 09/10/2007:03 | Hexcel price target raised to $40 from $38 at BarclaysBarclays analyst David Strauss raised the firm's price target on Hexcel to $40 from $38 and keeps an Equal Weight rating on the shares. Aerospace earnings should exit the pandemic "better off than where it entered - more reasonably valued with more realistic expectations," Strauss tells investors in a research note. With expectations "now much closer to bottoming out," the analyst is more constructive on the space. While the group is still "far from cheap" and any meaningful improvement in industry fundamentals likely remains "some time away," realistic consensus expectations are the main prerequisite for the stocks to work, says Strauss. |
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