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Howmet Aerospace price target raised to $161 from $136 at Truist

Truist raised the firm’s price target on Howmet Aerospace (HWM) to $161 from $136 and keeps a Buy rating on the shares after its Q1 earnings beat and above-consensus guidance. The company’s EBITDA margins were a standout item as incremental margins hit 106%, benefiting from execution, mix, pricing and overall productivity, the analyst tells investors in a research note. Boeing’s (BA) MAX rates for FY25 were increased and continued strength in spares should pace growth for the remainder of the year despite sluggishness from wide bodies, the firm adds.

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