Analysts are pulling back from the Industrial Goods sector as 2 experts expressed today bearish sentiments on CH Robinson (CHRW – Research Report) and Hexcel (HXL – Research Report).
CH Robinson (CHRW)
Bank of America Securities analyst Ken Hoexter reiterated a Sell rating on CH Robinson today and set a price target of $76.00. The company’s shares closed last Wednesday at $72.09.
According to TipRanks.com, Hoexter is a 4-star analyst with an average return of
Currently, the analyst consensus on CH Robinson is a Moderate Sell with an average price target of $75.38, implying a 6.2% upside from current levels. In a report released today, Barclays also maintained a Sell rating on the stock with a $70.00 price target.
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Hexcel (HXL)
In a report released today, Ronald Epstein from Bank of America Securities reiterated a Sell rating on Hexcel, with a price target of $65.00. The company’s shares closed last Wednesday at $66.29.
According to TipRanks.com, Epstein is a 5-star analyst with an average return of
Currently, the analyst consensus on Hexcel is a Hold with an average price target of $75.00, which is a 15.8% upside from current levels. In a report issued on April 24, Morgan Stanley also maintained a Sell rating on the stock with a $63.00 price target.
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Read More on CHRW:
- C.H. Robinson files automatic mixed securities shelf
- CHRW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- C.H. Robinson price target lowered to $68 from $70 at BofA
- Early notable gainers among liquid option names on April 11th
- C.H. Robinson upgraded to Peer Perform from Underperform at Wolfe Research
