Howmet Aerospace price target raised to $88 from $74 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on Howmet Aerospace to $88 from $74 and keeps a Buy rating on the shares after its Q1 earnings beat and guidance raise. The company’s revenue outlook was revised up at the midpoint by $200M as reduced MAX/787 volumes were more than offset by aftermarket spares strength and an improved IGT and wheels outlook, the analyst tells investors in a research note.