Howmet Aerospace price target raised to $200 from $165 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on Howmet Aerospace (HWM) to $200 from $165 and keeps an Outperform rating on the shares. The company has been the best performer in the firm’s coverage universe year-to-date, and the firm believes that the improving sentiment and beat-and-raise setup provides room for further near-term upside in shares, the analyst tells investors in a research note. Howmet has increased its margin profile substantially in Q1, and these gains are “sustainable”, RBC added.