Howmet Aerospace Inc. (HWM) PT Raised to $32 at Berenberg

February 10, 2021 8:01 AM EST
Get Alerts HWM Hot Sheet
Price: $32.23 +1.32%

Rating Summary:
    9 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Berenberg analyst Paretosh Misra raised the price target on Howmet Aerospace Inc. (NYSE: HWM) to $32.00 (from $28.00) while maintaining a Buy rating.

The analyst commented, "HWM shares are up 6% since Q4 earnings (vs. A&D sector shares up 5%). Q4 results were significantly above consensus, but the 2021 guidance was below consensus. We think investors are now looking through the guidance as overly conservative and "irrelevant", making it difficult to gauge what level of bullishness is priced in the stock; that's a risk. However, we anticipate the company will gradually increase its guidance through the year as the outlook for narrowbody build rates becomes clearer. We cut our estimates to move closer to management's base case, but increase our valuation multiple as we struggle to see much downside to our new estimates. As a result, our price target rises to $32 from $28."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Earnings