Howmet Aerospace price target raised to $139 from $124 at UBS

UBS analyst Gavin Parsons raised the firm’s price target on Howmet Aerospace (HWM) to $139 from $124 and keeps a Neutral rating on the shares. Howmet drove 310 basis points of EBITDA margin expansion in 2024, and UBS sees another 180bps in 2025 to 27.6%, above guidance which contains multiple elements of conservatism, the analyst tells investors in a research note. With conservative elements to guidance and stable revenue growth drivers, UBS does not see a clear catalyst that would drive a de-rating.