RBC Capital raised the firm’s price target on Howmet Aerospace to $105 from $90 and keeps an Outperform rating on the shares. The analyst cites the company’s Q2 earnings beat and guidance raise, also noting that the strength in the quarter was broad and that capital allocation will be a “strong” catalyst for the second half of the year.
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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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