Howmet Aerospace price target raised to $140 from $135 at BofA

BofA raised the firm’s price target on Howmet Aerospace (HWM) to $140 from $135 and keeps a Buy rating on the shares. Howmet remains cautious on original equipment manufacturer build rates, but is “effectively accounting for potential outperformance” as the company’s 2025 production outlook includes some improvement, the analyst tells investors. The macro and commercial aerospace environments continue to change, but BofA views Howmet as “well positioned across scenarios,” the analyst added.