Howmet Aerospace Inc. has witnessed significant stock activities.
Cetera Investment Advisers and
Cetera Advisors LLC notably increased their stakes, while
Oppenheimer & Co. Inc. modestly reduced its position. Encouragingly,
Fitch and
Moody's upgraded the firm's rating, projecting a strong promise for the company.
Barclays and
BTIG Research have raised their price targets, echoing the bullish sentiment. The firm reported robust Q2 results, proposed robust dividend distributions, and announced stock buybacks.
Debt offering by the company signals essential restructuring. An uptick in the
Aerospace and Defense sector is particularly beneficiary, with hedge funds setting bullish projections. Several analysts project the stock's intrinsic value to be significantly higher than the current share price. Over the last quarter, the company has notably outperformed its peers. However, some concerns were raised over its role in Airbus engine delays. Overall, the businesses' outlook remains strongly positive, notwithstanding minor underperformances on specific trading days.
Howmet Aerospace HWM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 13:46:11 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 3
