Wells Fargo Upgrades Hexcel to Overweight, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers upgrades Hexcel (NYSE:HXL) from Equal-Weight to Overweight and raises the price target from $81 to $95.

May 08, 2024 | 12:37 pm
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POSITIVE IMPACT
Wells Fargo upgraded Hexcel from Equal-Weight to Overweight and increased the price target to $95.
Upgrades by major financial institutions like Wells Fargo typically lead to positive short-term price movements as market participants adjust their positions based on the new information. The significant raise in price target from $81 to $95 suggests a strong confidence in Hexcel's future performance, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100