Howmet Aerospace price target raised to $58 from $52 at BofA

BofA analyst Ronald Epstein raised the firm’s price target on Howmet Aerospace to $58 from $52 and keeps a Buy rating on the shares. The firm describes Howmet’s quarterly report as “a mixed bag of strong results and raised outlook offset by bearish sentiment from management.” However, it believes Howmet will continue to benefit from the broader commercial air traffic recovery and accelerating defense demand.