In a report released today, Ronald Epstein from Bank of America Securities reiterated a Buy rating on Howmet Aerospace (HWM – Research Report), with a price target of $185.00.
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Ronald Epstein has given his Buy rating due to a combination of factors that highlight Howmet Aerospace’s strong performance and growth potential. The company has exceeded profitability expectations, driven by investments in growth and enhanced productivity. Demand remains robust across key sectors such as commercial aerospace, defense, and industrial markets, supporting a positive outlook.
Additionally, Howmet Aerospace has effectively mitigated potential tariff impacts, minimizing financial risks. The thriving demand for F-35 spares significantly boosts the company’s defense segment, with continued growth expected as the fleet expands. Furthermore, progress in Boeing’s commercial aircraft production is anticipated to drive further growth, with engine spares remaining a focal point. These factors collectively contribute to Epstein’s positive outlook and increased price objective for the stock.
In another report released on May 5, BTIG also reiterated a Buy rating on the stock with a $180.00 price target.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HWM in relation to earlier this year.