Baird raised the firm’s price target on Howmet Aerospace to $84 from $74 and keeps an Outperform rating on the shares. The firm said 2024 guidance was raised reflecting favorable top-line growth in Commercial Aerospace and Defense with Commercial Transportation holding up better than expected in 1H24. Baird continues to favor Howmet given its multi-year tailwinds in Commercial Aerospace and a healthy Defense portfolio.
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