- Hexcel shares have outperformed since my last update, helped by improving sentiment for aerospace plays and commodity/material companies.
- The wide-body destocking trend isn't over yet, but Hexcel should be past the worst in terms of revenue and margin performance, and air travel, aircraft production, and orders/revenue/margin should rebound.
- Improving the non-aero business would be a help, but most of the applications out there today are niches.
- Hexcel shares don't look undervalued at today's level.
For further details see:
Hexcel Has Bounced On Bullish Aerospace And Commodity Sentiment