Information Provided By:
Fly News Breaks for July 19, 2018
HXL
Jul 19, 2018 | 07:49 EDT
Loop Capital analyst Chris Kapsh keeps his Buy rating and $77 price target on Hexcel amid the biennial Farnborough Airshow taking place in the U.K. this week, citing the 13% increase in the aircraft order tally tracking relative to last year's Paris air show. The analyst notes that the "strong order cadence" corroborates his view that the market is " in the middle, not late, innings of a commercial aero super cycle", which in turn enhances revenue visibility for Hexcel and adds to the attractiveness of the stock. Moreover, Kapsch sees the trade war implications on Hexcel as "benign" and the appreciation of US Dollar as an incremental positive for the company.