Howmet Aerospace Inc. (HWM) PT Lowered to $350 at Jefferies

Jefferies analyst Sheila Kahyaoglu lowered the price target on Howmet Aerospace Inc. (NYSE: HWM) to $350.00 (from $370.00) while maintaining a Buy rating.

The analyst comments "In a tell-all episode of our favorite EPS call each season (don't hate), HWM surgically removed the bear thesis, a truth that will reveal itself in time: 1) Sales to GE +75% y-o-y YTD w/ add'l expansions underway; 2) Ongoing discussions for HWM's 1st growth project in structural castings, more share win vs CPP/ PCC; 3) IGT maturing to new-gen, beyond scope of SPCX's NT need; 4) Tsunami of IGT spares that grow more y-o-y than any of HWM's largest Aero programs."

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