Analysts Offer Insights on Technology Companies: Hexcel (NYSE: HXL) and Tencent Music Entertainment Group (NYSE: TME)

Hexcel (HXL)
Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on Hexcel yesterday and set a price target of $48.00. The company’s shares closed last Monday at $57.20.
According to TipRanks.com, Herbert is a top 100 analyst with an average return of 27.8% and a 74.0% success rate. Herbert covers the Technology sector, focusing on stocks such as Aerojet Rocketdyne Holdings, Spirit AeroSystems, and Maxar Technologies.
Hexcel has an analyst consensus of Moderate Sell, with a price target consensus of $47.88, implying a -16.3% downside from current levels. In a report issued on April 8, Jefferies also maintained a Hold rating on the stock with a $52.00 price target.

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