Keybanc Maintains Overweight Rating for Howmet Aerospace: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has reaffirmed its Overweight rating on Howmet Aerospace (NYSE:HWM) and increased its price target from $52.00 to $60.00. Howmet Aerospace's shares are currently trading at $56.11, and the new price target suggests a potential upside of 6.93%. Howmet Aerospace operates in aerospace, commercial transportation, and other markets, offering innovative solutions like advanced airfoils and lightweight composite fasteners.
January 23, 2024 | 5:00 pm
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POSITIVE IMPACT
Keybanc maintains an Overweight rating on Howmet Aerospace and raises the price target to $60, indicating confidence in the company's growth potential.
The reaffirmation of the Overweight rating and the increase in price target by Keybanc are strong positive signals to the market, suggesting analyst confidence in Howmet Aerospace's future performance. This could lead to increased investor interest and a potential short-term rise in HWM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100