Wells Fargo analyst Matthew Akers maintains $Howmet Aerospace (HWM.US)$ with a buy rating, and adjusts the target price from $113 to $129.
According to TipRanks data, the analyst has a success rate of 86.8% and a total average return of 30.1% over the past year.
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 outcomes were robust, driven by a rise in airfoil spares volumes and pricing amidst challenges in the aerospace industry, including engine time on wing issues and subdued OEM production rates. The company is poised to outpace its end markets owing to market share gains and pricing prospects, alongside expanding margins and capital deployment that prioritizes shareholders.
The firm cited Howmet Aerospace's Q3 results as exceptional, emphasizing the company's robust pricing mix and execution. It was also noted that the company's Q4 guidance surpasses consensus expectations.
The company's Engine Products have been identified as the central driver for growth and margin expansion. Additionally, the Aftermarket segment is expected to continue its contribution to growth and become an increasingly significant part of sales over the long term.
Note:
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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.
