Howmet Aerospace price target raised to $66 from $60 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag raised the firm’s price target on Howmet Aerospace to $66 from $60 and keeps an Overweight rating on the shares. Howmet is the firm’s top Aerospace pick, as it has both OE and aftermarket exposure, room for multiple expansion, an underlevered balance sheet poised for capital return, and strong pricing power, the analyst tells investors in a research note.