Howmet Aerospace price target raised to $90 from $75 at RBC Capital

RBC Capital raised the firm’s price target on Howmet Aerospace to $90 from $75 and keeps an Outperform rating on the shares after its Q1 earnings beat. The strength in the quarter was broad, and the firm believes that the management’s capital allocation will be a strong second-half catalyst, the analyst tells investors in a research note.