Howmet Aerospace price target raised to $140 from $130 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on Howmet Aerospace (HWM) to $140 from $130 and keeps a Buy rating on the shares. The company’s FY25 guidance is ahead of the Street on revenue and EBITDA, but light on EPS and free cash flow, though the outlook embeds conservatism related to limited visibility on commercial aero build rates, with the management indicating potential upside, the analyst tells investors in a research note. Howmet’s end-markets also remain “generally healthy”, the firm adds.