Bank of America Securities analyst Ronald Epstein has reiterated their bullish stance on HWM stock, giving a Buy rating on November 10.
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Ronald Epstein has given his Buy rating due to a combination of factors that highlight Howmet Aerospace’s strong market position and growth potential. The company is benefiting from robust demand in its core markets, particularly in Commercial Aero, where it is capitalizing on steady original equipment build-rate growth and strong demand for spare parts. This momentum is expected to continue as OEMs increase production rates, and Howmet’s strategic delivery approach mitigates risks associated with overstocking.
Additionally, the defense sector remains a solid growth pillar for Howmet, driven by F-35 production and increased demand for spares, which contributed to a significant year-over-year revenue increase. The Industrial Gas Turbines segment is also experiencing rapid growth, fueled by the rising electricity needs of AI and data centers. Howmet’s investments in expanding IGT capacity across the US, EU, and Japan further bolster its growth outlook. These factors collectively justify the Buy rating and the increased price objective of $250.
In another report released on November 10, J.P. Morgan also maintained a Buy rating on the stock with a $227.00 price target.
HWM’s price has also changed moderately for the past six months – from $158.300 to $201.300, which is a 27.16% increase.