Howmet Aerospace's (HWM) financial performance has been grabbing attention as it continuously outperforms its competitors. Its Q3 profits soared a staggering
77% driven by record aerospace sales. The American defense company's stock reached an all-time high of
$116.68 and continues soaring, hitting new highs on analysts' upgrades. Bates of America and Wells Fargo have raised their price targets to
$135 and
$129 respectively, supported by the company’s strong earnings. ING Group, South Street Advisors, and Sumitomo Mitsui have increased their holdings, signaling strong market confidence in HWM. Moreover, Entropy Technologies and Los Angeles Capital Management together acquired over $1.7million position in HWM, signaling strong investor confidence.
Record EBITDA and strategic growth highlighted in HWM’s Q3 2024 earnings call, furthermore, HWM presented at Baird 2024 Global Industrial Conference, providing key insights into its strategies. Despite a few underperformance days, HWM's average recommendation remains
moderate buy. The company’s Q3 earnings surpassed estimates causing Rapid price appreciations after earnings beat. A robust commercial outlook and strong travel demand contribute to this positive trend.
Howmet Aerospace HWM News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Sat, 16 Nov 2024 16:19:01 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor -7
