Cowen analyst Gautam Khanna downgraded Howmet Aerospace Inc. (NYSE: HWM) from Outperform to Market Perform with a price target of $15.00 (from $17.00).

The analyst comments "The severity & immediacy of likely aero OE production rate cuts render the stock "dead money" at best, at least until a lower EPS bound can be established with conviction."

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 $12.85 yesterday.