Howmet Aerospace price target raised to $90 from $75 at BofA

BofA analyst Ronald Epstein raised the firm’s price target on Howmet Aerospace (HWM) to $90 from $75 and keeps a Buy rating on the shares, citing a “strong” Q1 earnings report and “a highly favorable aftermarket set up.” While the firm says it appreciates Howmet’s “conservativism” related to Boeing’s (BA) production challenges, it says Howmet remains flexible and thinks they will be able to ramp as needed as better visibility into MAX production is given. The firm adds that it thinks Howmet is “unique in its approach to differentiated views and deserves a premium to the market.”