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BofA raises Howmet Aerospace price target on promising growth prospects

ReutersMay 8, 2025 11:42 AM

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

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