Howmet Aerospace price target raised to $50 from $43 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on Howmet Aerospace to $50 from $43 and keeps an Overweight rating on the shares. The firm notes that initial 2023 outlook appears conservative, particularly on margin as Howmet benefits from further pricing gains and much smaller inflation impact versus 2022 when it nearly held margins flat.