Hexcel Corp. (HXL) PT Raised to $82 at Stephens Following 4Q

Stephens raised its price target on Hexcel Corp. (NYSE: HXL) to $82.00 (from $74.00) while maintaining a Overweight rating following the company's 4Q earnings report. 4Q17 sales were up 3.2%, 2.2% in constant currency as record production levels with A350, A320neo, and 737MAX offset continued declines in legacy widebody production, primarily 777 and A380.

For 2018, sales estimates now stands at $2,148.7 million (vs. previous $2,133 million). The primary driver to the slightly higher outlook is due to Industrial sales now expected to grow 20% in 2018 vs. previous 15%. 2018 adjusted EBITDA estimates now stands at $536.1 million (vs. previous $534.6 million), and EPS estimates now stands at $3.02 vs. previous estimates of $3.15.

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