Wells Fargo analyst Matthew Akers has maintained his rating on Howmet Aerospace (HWM, Financial) as "Equal-Weight." The decision to maintain the rating indicates a neutral outlook where the stock's performance is expected to match the average of its peers.
In a significant update, Wells Fargo has raised the price target for Howmet Aerospace (HWM, Financial) from $118.00 to $145.00, representing a substantial increase of 22.88%. This adjustment in the price target suggests a more optimistic view of the company's future stock performance, despite the unchanged rating.
The revised price target of $145.00 indicates that Wells Fargo sees potential for growth in Howmet Aerospace (HWM, Financial) stock, acknowledging factors that might contribute to the company's improving market position. Investors may find this updated target as an encouraging sign for potential investment opportunities.
It is important for investors to consider this information in the overall context of their portfolio strategies and market conditions. As always, consulting with a financial advisor is recommended before making any investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Howmet Aerospace Inc (HWM, Financial) is $148.42 with a high estimate of $185.00 and a low estimate of $92.00. The average target implies an downside of 3.54% from the current price of $153.87. More detailed estimate data can be found on the Howmet Aerospace Inc (HWM) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Howmet Aerospace Inc's (HWM, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Howmet Aerospace Inc (HWM, Financial) in one year is $67.52, suggesting a downside of 56.12% from the current price of $153.865. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Howmet Aerospace Inc (HWM) Summary page.
