Bernstein raises Howmet Aerospace PT on potential margin upside

Bernstein raises price target on airplane parts maker Howmet Aerospace HWM.N to $280 from $247

New PT represents a 10.9% upside to stock's last close

Brokerage says Howmet sees growth from wide-body aircraft fasteners, next-generation LEAP and GTF engine blades, rising F-35 aftermarket demand and improving performance in Forged Wheels

We raise our longer-term outlook as commercial aircraft engine demand growth continues, plus more benefits from gas turbines and defense - Bernstein

Adds, margin growth is happening already even with some key drivers not yet hitting and there should be more to come

HWM gained 87.5% in 2025