Analyst Ronald Epstein of Bank of America Securities maintained a Buy rating on Howmet Aerospace (HWM – Research Report), with a price target of $135.00.
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Ronald Epstein has given his Buy rating due to a combination of factors influencing Howmet Aerospace’s financial performance and market outlook. The company exceeded expectations with an adjusted EPS of $0.74, surpassing both Bank of America and Bloomberg estimates, primarily due to strong operating profits in key segments like Fastening Systems and Engineered Structures.
Additionally, Howmet’s 2025 revenue and EPS outlook reflect robust growth and improved profitability. The company expects continued strength in the aftermarket and engine spares demand, alongside an increase in production rates, albeit with some caution. Furthermore, Howmet’s decision to increase its dividend by 25% from $0.08 to $0.10 per share indicates confidence in its future cash flow generation, supporting the Buy rating.
According to TipRanks, Epstein is a 5-star analyst with an average return of 14.3% and a 61.23% success rate. Epstein covers the Industrials sector, focusing on stocks such as Boeing, Embraer SA, and GE Aerospace.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $130.00 price target.