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Fly News Breaks for April 24, 2018
HXL
Apr 24, 2018 | 08:02 EDT
Loop Capital analyst Chris Kapsch upgraded Hexcel to Buy from Hold and raised his price target to $77 from $64. The analyst says the company's financials may have finally reached a positive inflection after yesterday's Q1 earnings, with FY18 off to an "excellent" start. Given the company's "strong and sustainable double-digit organic earnings growth prospects and modest current leverage", Kapsch says investors have an "enhanced risk/reward" as shares will likely see higher multiples from more healthy trends and clearer visibility.
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