Howmet Aerospace (HWM) PT Raised at RBC Capital on 'Improving Aero OE Sentiment'

RBC Capital analyst Ken Herbert raised the price target on Howmet Aerospace Inc. (NYSE: HWM) to $200.00 (from $165.00) while maintaining an Outperform rating.

The analyst commented: "Re-rating continues on improving aero OE sentiment; We remain Outperform-rated on Howmet Aerospace (HWM) and increase our price target to $200 from $165. While we can appreciate that HWM has been the best performer in our coverage universe YTD (up ~60%), we believe the improving OE sentiment and beat-and-raise setup provides room for further near-term upside. HWM increased its margin profile substantially in 1Q25. We believe these gains are sustainable, with further runway for margin expansion. Our $200 price target is based on a 29.3x multiple on our 2027 adj. EBITDA estimate of $2.87B."

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