Hexcel shares to rise further -Barron's
NEW YORK, June 5 |
NEW YORK, June 5 (Reuters) - Hexcel Corp's (HXL.N) shares could rise about 35 percent over the next year on strength in key markets such as commercial aerospace and wind turbines, Barron's wrote in its June 6th edition.
Hexcel, which makes carbon fiber and other composites, should also benefit from supplying materials that go into "green" energy suppliers like wind turbines, the financial weekly said.
"Hexcel has hit a sweet spot as big clients like Boeing (BA.N) and EADS (EAD.PA) upgrade their fleets and emerging markets demand better planes," Barron's said.
The stock has already risen to $20 last week from $14.89 a year ago. (Reporting by Dhanya Skariachan; editing by Gunna Dickson)
- Tweet this
- Share this
- Digg this