Cowen & Co. Issues a Buy Rating on Hexcel

By Austin Angelo

In a report released today, Gautam Khanna from Cowen & Co. reiterated a Buy rating on Hexcel (NYSE: HXL), with a price target of $57. The company’s shares opened today at $52.79.

Khanna wrote:

“Investors are apt to react negatively to HXL’s Q1 operating miss & lowered C17 sales.”

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 10.9% and a 66.7% success rate. Khanna covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Allegheny Technologies.

Hexcel has an analyst consensus of Moderate Buy, with a price target consensus of $53.67.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

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Hexcel Corp. engages in the development, manufacture, and market of advanced composite materials for the commercial aerospace, space and defense, and industrial markets. It operates through the following segments: Composite Materials, and Engineered Products. The Composite Materials segment is comprised of carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core products line. The Engineered Products segment is consist of lightweight high strength composite structure, molded components, engineered core, and honeycomb products with added functionality. The company was founded by Roger C. Steele and Roscoe T. Hughes in 1946 and is headquartered in Stamford, CT.