Howmet Aerospace price target raised to $58 from $54 at Argus

Argus analyst John Eade raised the firm’s price target on Howmet Aerospace to $58 from $54 and keeps a Buy rating on the shares. The company aces challenges due to its exposure to high input and commodity prices, but it has also endured the worst of the supply-chain crisis and the outlook is now brighter, the analyst tells investors in a research note. Howmet’s balance sheet is also improving as the company pays down debt, and the company has the ability to grow its current earnings rapidly over the next three to four years, the firm added.