Hexcel: It Is Time To Buy The Stock (Rating Upgrade)
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Hexcel has been upgraded to a buy rating despite challenges from Boeing's production issues and a struggling Industrial segment. The company reported an 8.8% increase in Q3 sales, with significant growth in commercial aerospace sales. Analysts predict strong revenue and EPS growth for Q4 2024 and the full year.
January 21, 2025 | 12:15 pm
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Hexcel has been upgraded to a buy rating. The company faces challenges from Boeing's production issues and a struggling Industrial segment but reported an 8.8% increase in Q3 sales. Analysts forecast strong revenue and EPS growth for Q4 2024 and the full year.
Hexcel's stock is likely to rise due to the upgrade to a buy rating and positive sales growth in Q3, particularly in commercial aerospace. The forecasted revenue and EPS growth for Q4 2024 and the full year further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100