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BUZZ- BofA raises Howmet Aerospace price target on promising growth prospects

Reuters
May 08, 2025
BUZZ- BofA raises Howmet Aerospace price target on promising growth prospects

** BofA Global Research raise price objective on Howmet Aerospace HWM.N to $185 from $140, an upside of 18% to the stock's last close

** Says it expects progress on Boeing commercial aircraft build rates to drive growth in 2025

** Adds demand across commercial aerospace, defense and industrial end markets shows little signs of slowing

** Reiterates rating at 'buy'

** "F-35 spares demand continues to bolster HWM performance"

** BofA hikes 2025 adj EPS forecast to $3.40, from $3.20

** 20 of 26 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $165 - as per data compiled by LSEG

** As of last close, stock had risen 44% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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