BTIG raised the firm’s price target on Howmet Aerospace (HWM) to $180 from $150 and keeps a Buy rating on the shares. The company posted another record quarter in adjusted EBITDA, EBITDA margin, revenue, and earnings, the analyst tells investors in a research note. BTIG adds that Howmet uses a “healthy amount” of revert/recycled material, helping to further reduce tariff related risk.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HWM:
- Sector Spotlight: U.S. budget to include DoD spending above expectations
- Howmet Aerospace price target raised to $161 from $136 at Truist
- 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
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue