Kaiser Aluminum price target lowered to $74 from $100 at Benchmark

Benchmark lowered the firm’s price target on Kaiser Aluminum (KALU) to $74 from $100 and keeps a Buy rating on the shares. Aerospace OEM-exposed names such as Kaiser are broadly expected to deliver solid Q1 results, with the second half expected to be driven by ramping OEM production rates, the analyst tells investors in a preview. Tariffs are driving near-term uncertainty and consumer softness is raising recessions concerns, but the long-term aerospace replacement cycle remains, the analyst added.