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Wolfe Research Sticks to Their Buy Rating for Hexcel (HXL)

Tipranks - Tipranks - Sat Jan 31, 8:32AM CST

Wolfe Research analyst Myles Walton reiterated a Buy rating on Hexcel yesterday and set a price target of $92.00. The company’s shares closed yesterday at $84.56.

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Walton covers the Industrials sector, focusing on stocks such as L3Harris Technologies, Hexcel, and Lockheed Martin. According to TipRanks, Walton has an average return of 13.8% and a 63.23% success rate on recommended stocks.

In addition to Wolfe Research, Hexcel also received a Buy from UBS’s Gavin Parsons in a report issued today. However, on the same day, Morgan Stanley upgraded Hexcel (NYSE: HXL) to a Hold.

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Based on Hexcel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $456.2 million and a net profit of $20.6 million. In comparison, last year the company earned a revenue of $456.5 million and had a net profit of $39.8 million

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