Truist raised the firm’s price target on Howmet Aerospace to $105 from $88 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s guidance was raised, its share gains are materializing, debt is being retired, cash generation is on the rise, and the bulk of aircraft production rate increases still remains ahead, the analyst tells investors in a research note.
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Read More on HWM:
- Howmet Aerospace to pay dividend of 15% +/- 5% of net income ex -items in 2025
- Howmet Aerospace increases share repurchase pact to $2.487B
- Howmet Aerospace sees Q3 EPS 63c -65c, consensus 60c
- Howmet Aerospace sees FY24 EPS $2.53- $2.57, consensus $2.39
- Howmet Aerospace reports Q2 EPS 67c, consensus 60c
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