Benchmark Reiterates Buy Rating on Kaiser Aluminum Corporation (KALU)

Benchmark analyst Josh Sullivan reiterated a Buy rating and $74.00 price target on Kaiser Aluminum Corporation (NASDAQ: KALU).

The analyst commented, "Net-net, KALU raised full-year FY25 EBITDA guidance despite macros; KALU’s General Engineering product benefits from trade dynamics; Aerospace is nearing end of destock; and Warrick roll coat line is set to open in 2H. 1Q25 EBITDA of $73M exceeded the Street’s $53M. In Aerospace/High Strength; Q1 shipments declined due to OEM supply chain issues, but demand remained strong in defense, space, and business jets. Further, with Boeing moving 737-MAX production to 38/month later this year and then 42/month, KALU’s aero destocking cycle is nearing an end. Packaging saw conversion revenue growth on an improved mix as the new Warrick roll coat line undergoes qualification and a 2H25 full run-rate. In, General Engineering, KALU as a domestic supplier is benefiting from trade policies, while Automotive (8% of sales) exposure in high-demand truck/SUV platforms mitigates industry uncertainty."

For an analyst ratings summary and ratings history on Kaiser Aluminum Corporation click here. For more ratings news on Kaiser Aluminum Corporation click here.

Shares of Kaiser Aluminum Corporation closed at $60.66 yesterday.

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