Wells Fargo Maintains Equal-Weight on Hexcel, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Lapides has maintained an Equal-Weight rating on Hexcel Corporation (NYSE:HXL) but has reduced the price target from $81 to $78.
January 29, 2024 | 3:01 pm
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NEUTRAL IMPACT
Wells Fargo analyst Michael Lapides maintains an Equal-Weight rating on Hexcel but lowers the price target from $81 to $78, indicating a potential limited upside or cautious outlook on the stock.
The reduction in price target by Wells Fargo suggests a more cautious view on Hexcel's future price performance, which could lead to a neutral short-term impact on the stock as the market absorbs this information. The Equal-Weight rating indicates that the analyst believes the stock is fairly valued at its current price, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100