Wells Fargo analyst Matthew Akers maintained a Buy rating on Howmet Aerospace (HWM – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $55.57.
Akers covers the Industrials sector, focusing on stocks such as L3Harris Technologies, Boeing, and General Dynamics. According to TipRanks, Akers has an average return of 15.1% and a 77.66% success rate on recommended stocks.
Currently, the analyst consensus on Howmet Aerospace is a Strong Buy with an average price target of $60.19, an 8.31% upside from current levels. In a report released yesterday, Truist Financial also upgraded the stock to a Buy with a $74.00 price target.
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HWM market cap is currently $22.27B and has a P/E ratio of 35.35.
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Howmet Aerospace (HWM) Company Description:
Arconic, Inc. engages in manufacturing and engineering of lightweight metals. It operates through the following segments: Engineered Products and Forgings (EP&F) and Global Rolled Products (GRP). The EP&F segment produces products that are used primarily in the aerospace, industrial, commercial transportation, and power generation end markets. The GRP segment produces aluminum sheet and plate, aluminum extruded and machined parts, integrated aluminum structural systems, and architectural extrusions used in the automotive, aerospace, building and construction, industrial, packaging, and commercial transportation end markets. The company was founded in 1888 and is headquartered in New York, NY.
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