In a recent development, RBC Capital analyst Ken Herbert has updated his stance on Howmet Aerospace (HWM, Financial), maintaining an "Outperform" rating while adjusting the price target upwards. The revised price target for Howmet Aerospace is now set at $165.00, up from the previous target of $150.00.
The increase in the price target represents a 10% change, signaling a positive outlook for Howmet Aerospace (HWM, Financial). This update reflects the confidence in the company's performance and potential future growth.
Investors and stakeholders of Howmet Aerospace (HWM, Financial) can view this adjustment as a reaffirmation of the company's position in the aerospace sector, as RBC Capital continues to see promising prospects for the future.
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 3.78% from the current price of $154.25. 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 56.23% from the current price of $154.25. 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.
