UPDATE: KeyBanc Starts Howmet Aerospace Inc. (HWM) at Overweight

February 17, 2021 4:37 AM EST
Get Alerts HWM Hot Sheet
Price: $30.59 -1.13%

Rating Summary:
    10 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 6 | New: 47
Trade Now! 
Join SI Premium – FREE
(Updated - February 17, 2021 8:15 AM EST)

KeyBanc analyst Philip Gibbs initiates coverage on Howmet Aerospace Inc. (NYSE: HWM) with an Overweight rating and a price target of $36.00.

The analyst commented, "We are initiating coverage on Howmet Aerospace Inc. (NYSE: HWM), a global leader in specialty metals parts for A&D and industrial applications, with an Overweight rating and $36 price target. Global aircraft builds are the key driver for HWM, and we believe builds will bottom in 2020-2021. We encourage cyclical growth investors to add prior to a potential demand resurgence in 2022-2025, with idiosyncratic leverage from airfoils pricing gains and structural cost reductions."

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 $28.38 yesterday.


You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage

Related Entities

KeyBanc