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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Read More on HWM:
- Jefferies aerospace,defense analysts hold analyst/industry conference call
- Howmet Aerospace price target raised to $155 from $120 at UBS
- Howmet Aerospace price target raised to $185 from $144 at Baird
- Howmet Aerospace price target raised to $165 from $150 at RBC Capital
- Howmet Aerospace price target raised to $145 from $118 at Wells Fargo
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