Howmet Aerospace price target raised to $90 from $75 at Argus

Argus raised the firm’s price target on Howmet Aerospace to $90 from $75 and keeps a Buy rating on the shares after its Q1 earnings beat. The company faces challenges due to its exposure to high input and commodity prices, but it has endured the worst of the supply-chain crisis, and its outlook is now brighter, particularly as the commercial aerospace market recovers, the analyst tells investors in a research note. Howmet’s balance sheet is also improving as the company pays down debt, Argus added.