Hexcel Corp gains after Wells Fargo raises to 'overweight'

Hexcel

08/05/2024 13:46

** Carbon fiber tech firm Hexcel Corp's shares  HXL.N  rise
1.8% to $72.49 premarket
    ** Wells Fargo upgrades HXL to "overweight" from "equal
weight" 
    ** Brokerage raises PT to $95 from $81, representing a 33.5%
upside to stock's last close
    ** " ... we see upside to numbers, less 737 MAX risk vs
peers and a stock unfairly punished for its CEO transition" -
brokerage
    ** 8 brokerages rate the stock "buy" or higher, 10 "hold"
and 3 "sell"; median PT $75 - LSEG
    ** Stock down 3.5% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))