UBS analyst Gavin Parsons maintains $Howmet Aerospace (HWM.US)$ with a hold rating, and adjusts the target price from $103 to $120.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of -7.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Howmet Aerospace (HWM.US)$'s main analysts recently are as follows:
The firm noted exceptional incrementals in Q3, attributed to robust pricing mix and execution. Guidance for Q4 is reported to be surpassing consensus, and the initial C25 guide is considered satisfactory.
Howmet Aerospace has once again surpassed expectations in the third quarter of 2024, with management expressing confidence in the sustained multi-year production increase within the Commercial Aerospace sector. This growth is expected to be further bolstered by an upswing in spares growth, projected to account for 20% of the company's mix throughout the decade.
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.
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