Hexcel upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Noah Poponak upgraded Hexcel to Neutral from Sell with a price target of $70, up from $57. The company should benefit from the Boeing and Airbus ramp-up in the medium-term, especially on widebody where demand has been strong as long haul travel recovers, the analyst tells investors in a research note. The firm believes Hexcel “has differentiation” as only a few companies in the world make aerospace grade composites.