Argus raised the firm’s price target on Howmet Aerospace to $49 from $43 and keeps a Buy rating on the shares. The analyst cites the company’s "strong" Q4 results and expectations of double-digit revenue and earnings growth in 2023. The firm further notes that business trends at Howmet Aerospace are positive, and its new price target implies a multiple that is closer to the industry average on those normalized earnings.
Published first on TheFly
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