Howmet Aerospace price target raised to $144 from $113 at Baird

Baird raised the firm’s price target on Howmet Aerospace (HWM) to $144 from $113 and keeps an Outperform rating on the shares. The firm said they delivered another beat and raise in 3Q24, with management confident about the multi-year production ramp within Commercial Aerospace, further supplemented by accelerating spares growth that should contribute 20% of company mix this decade.