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HXL - Hexcel Shares Have Shifted From Panic To Recovery
Hexcel Corporation
I thought the panic around commercial aerospace left Hexcel (HXL) shares at an interesting valuation for long-term investors willing to accept elevated risk on an aerospace components play back in April. What I didn’t expect was the sudden shift in sentiment from “they’re doomed!” to “they’ll be fine!” in such a short period of time. While former merger partner Woodward (WWD) did even better (as did Howmet (HWM), not all components suppliers have enjoyed the run, including Spirit AeroSystems (SPR) and metal suppliers like Allegheny (ATI