Howmet Aerospace Inc. (HWM) PT Raised to $150 at BTIG

BTIG analyst Andre Madrid raised the price target on Howmet Aerospace Inc. (NYSE: HWM) to $150.00 (from $130.00) while maintaining a Buy rating.

The analyst comments "Howmet Aerospace shares closed up 4% last week after publishing record quarterly sales, adjusted EBITDA, and adjusted EBITDA margins (see our 4Q24 recap). We continue to believe that 2025 will be another strong year for Howmet as in our view the company outlook assumes overly conservative OEM production rates, which we could very well see upside to if OEMs actually execute on their ramps effectively. With the surge in aftermarket volumes in 2024, we remain certain that HWM will fare well even if OEM rates continue to suffer. Consequently, we reiterate our Buy rating and raise our PT to $150."

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