Benchmark raises Howmet Aerospace PT on strong Q1 earnings

Howmet Aerospace

05/05/2025 13:32

** Benchmark raise price target on aerospace parts maker Howmet Aerospace HWM.N to $165 from $135, an upside of 7% to the stock's last close

** Says PT change driven by co's strong Q1 performance, raised 2025 earnings forecast and conservative approach towards aerospace original equipment manufacturer (OEM) ramp-up time-line within guidance

** "HWM aftermarket spares exposure continues to be robust, while non-consumable components destocking is within guidance assumptions" - Research firm

** Shares down 1% at $153 premarket

     ** Benchmark reiterates 'buy' rating on the stock

** Research firm raises 2025 adj EBITDA estimate to $2.23 bln-$2.28 bln from $2.11 bln- $2.16 bln

** 20 of 26 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $163 - LSEG

** As of last close, stock had risen 40.9% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))