Hexcel upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research analyst Myles Walton upgraded Hexcel to Outperform from Peer Perform with an $83 price target. The analyst has higher confidence in the company’s sales, earnings and free cash flow growth. Hexcel’s “unique position” in the market as one of just three major aero composite material providers sets up the company for the next several years of growth from commercial production increases as well as the long-term secular composite penetration theme, the analyst tells investors in a research note.