Hexcel stock buyback a positive, says Canaccord Canaccord noted Hexcel authorized an additional $150M stock buyback and believes it will add to earnings on an annual basis. The firm said the moves gives them confidence that the company will use its balance sheet and cash flow to return capital to shareholders. Shares are Buy rated with a $52 price target.
Hexcel selloff looks overdone, says RBC Capital After Hexcel (HXL) dropped 10% on fears related to the outlook for Airbus (EADSY) planes, RBC Capital estimates that changes made by Airbus would only reduce the compound annual growth rate of Hexcel's commercial aerospace business to 10.6% from 11.4% during 2015-2020. The firm cut its 2015-2016 revenue estimates by 6% and trimmed its price target on the stock to $46 from $47 but keeps an Outperform rating on the shares.