'Howmet Aerospace Inc. (HWM) Attractive Even at 2X the S&P'; PT Raised at Bernstein

Bernstein SocGen Group analyst Douglas S. Harned raised the price target on Howmet Aerospace Inc. (NYSE: HWM) to $217.00 (from $174.00) while maintaining a Outperform rating.

The analyst commented: "Why Howmet is attractive even at 2X the S&P; On July 31, Howmet reported Q2, with another strong quarter. We raise our EPS estimate from $3.64 to $3.67 for 2025, mainly on growth in IGT and strong margins across segments. Adjusted diluted EPS of $0.91 beat consensus $0.87. Revenues of $2.05bn were above consensus $2.01bn. Management revised upward its 2025 outlook for revenues, EPS, and free cash flow. Howmet shares fell after reporting on July 31st , which we attribute to profit-taking after a period of substantial upside for the stock. We raise our multiple from 150% to 190% of the S&P500, taking our target to $217."

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