Howmet Aerospace price target raised to $145 from $118 at Wells Fargo

Wells Fargo raised the firm’s price target on Howmet Aerospace (HWM) to $145 from $118 and keeps an Equal Weight rating on the shares. The firm says it worried Howmet would struggle to meet Q1 investor expectations, but the company did not disappoint. Guidance appears to have further upside, however, Wells remains cautious with the stock trading near all-time high valuation.