Jefferies Lowers Hexcel EPS Estimates

Jefferies is lowering its Hexcel Corporation

EPS estimates for 2011 and 2012 to $0.90 and $1.15 from $1.00 and $1.20, respectively. “Our adjustment is attributable to the anticipated rephrasing of 787 production coupled with more moderate growth for other product lines,” Jefferies writes. “Our 2010 EPS estimate remains $0.75.” Hexcel currently trades at $17.37.