On Nov 08, major Wall Street analysts update their ratings for $Howmet Aerospace (HWM.US)$, with price targets ranging from $120 to $135.
Morgan Stanley analyst Kristine Liwag maintains with a buy rating, and adjusts the target price from $115 to $125.
UBS analyst Gavin Parsons maintains with a hold rating, and adjusts the target price from $103 to $120.
TD Cowen analyst Gautam Khanna maintains with a buy rating, and adjusts the target price from $70 to $125.
RBC Capital analyst Kenneth Herbert maintains with a buy rating, and adjusts the target price from $105 to $135.
Truist Financial analyst Michael Ciarmoli maintains with a buy rating, and maintains the target price at $123.
Furthermore, according to the comprehensive report, the opinions of $Howmet Aerospace (HWM.US)$'s main analysts recently are as follows:
Howmet Aerospace's third-quarter earnings exceeded expectations, with the company's Engine Products identified as the primary contributor to growth and margin expansion. The Aftermarket segment is also continuing to bolster growth and is expected to represent an increasing share of sales over the long term.
After Howmet Aerospace exceeded third-quarter earnings expectations and raised its future guidance, the prospects of its spares business continue to show promise. The company is expected to gain from its robust balance sheet and significant incremental margins.
The firm's assessment indicates that Howmet Aerospace's Q3 results were outstanding, showcasing robust pricing, product mix, and execution. Their outlook for Q4 is considered to be surpassing consensus expectations, and their initial guidance for the C25 timeframe is deemed satisfactory.
Howmet Aerospace achieved another quarter of outperformance in 3Q24, with management expressing confidence in the sustained multi-year production increase within Commercial Aerospace. This is further enhanced by the quickening growth of spare parts, which is projected to make up 20% of the company's mix throughout this decade.
Here are the latest investment ratings and price targets for $Howmet Aerospace (HWM.US)$ from 5 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.