Hexcel initiated with a Buy at Stifel

Stifel analyst Bert Subin initiated coverage of Hexcel (HXL) with a Buy rating and $83 price target. Hexcel is “generally overweight” to Airbus (EADSY) and widebodies, but has diverse exposure across commercial aerospace, business jets and major defense programs, says the firm. Stifel thinks the company stands to benefit most as widebody production improves with significant upside potential from current levels given the resurgence in international travel, the analyst added.