Truist upgraded Howmet Aerospace (HWM) to Buy from Hold with a price target of $225, up from $217. The company’s Q3 results beat across the board, guidance was lifted, incremental margins were 50% and the management pointed to $9B in revenue in 2026 or 9.8% y/y growth off the top end of the new 2025 range, the analyst tells investors in a research note. With production rates increasing, engine spares expected to grow for the next five years, and IGT – industrial gas turbine – experiencing substantial gains from data center demand, the firm sees no signs of slowing for the stock, Truist added.
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