Wells Fargo raised the firm’s price target on Howmet Aerospace (HWM) to $72 from $60 and keeps an Overweight rating on the shares after its Q4 earnings beat. The company’s 2024 outlook appears to appropriately de-risk Boeing (BA) build issues and truck wheels softness, while the management’s capital deployment on repurchases should accelerate with the company now investment grade, the analyst tells investors in a research note.
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