UBS Downgrades Hexcel to Neutral, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Gavin Parsons downgraded Hexcel (NYSE:HXL) from Buy to Neutral and reduced the price target from $87 to $72.
January 30, 2024 | 5:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
UBS analyst Gavin Parsons downgraded Hexcel from Buy to Neutral and lowered the price target from $87 to $72, indicating a more cautious outlook on the stock.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic view on the company's future performance. The reduction in the price target further reinforces the expectation of a lower valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100