Howmet Aerospace Inc. (HWM) Highlighted as Top Pick at Cowen

December 7, 2020 7:21 AM EST
Get Alerts HWM Hot Sheet
Price: $32.38 +0.15%

Rating Summary:
    10 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Cowen analyst Gautam Khanna reiterated an Outperform rating and $30.00 price target on Howmet Aerospace Inc. (NYSE: HWM) highlighting the company as his Best Commercial Aerospace Idea for 2021. The analyst believes EPS will near $2 by C23+, which is close to the pre-COVID run rate, even as aero OE rates remain below C19 levels.

The analyst stated "HWM is a cost reduction play with pricing power & improving demand (truck wheels;abating aero de-stock; defense), items that augur strong incrementals in H2:21+. The stock has re-rating upside, as investor awareness expands (it's a recent spin-off), & both mid and large cap investors ($11B cap) engage the last remaining aero OE play in this cap range."

For an analyst ratings summary and ratings history on Howmet Aerospace Inc. click here. For more ratings news on Howmet Aerospace Inc. click here.

Shares of Howmet Aerospace Inc. closed at $25.37 yesterday.

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