Truist analyst Michael Ciarmoli raised the firm’s price target on Howmet Aerospace to $39 from $35 but keeps a Hold rating on the shares after its in-line Q4 results and guidance. The company’s commercial aero revenues will lead growth in 2023 and while its adjusted EBITDA margins are currently guided to be flat, the continuity of rates may ultimately drive efficiency and margin upside, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on HWM:
- Howmet target raised to $49, still top pick in Aerospace at Morgan Stanley
- Howmet Aerospace price target raised to $50 from $43 at Wells Fargo
- Howmet Aerospace downgraded to Hold at Benchmark after FY23 guidance
- Howmet Aerospace downgraded to Hold from Buy at Benchmark
- Howmet Aerospace sees FY23 EPS $1.53 -$1.67 , consensus $1.73
