Market Overview

Why Howmet Aerospace's Stock Is Trading Higher Today

Share:
Why Howmet Aerospace's Stock Is Trading Higher Today

Howmet Aerospace (NYSE: HWM) shares are trading higher on Thursday after Barclays upgraded the stock from Underweight to Overweight and raised the price target from $13 to $22 per share.

Howmet Aerospace derives the vast majority of its revenue supplying specialty metals to the aerospace and defense end market, although it has a smaller presence in certain other end markets as well. Despite emerging from an aluminum-centric parent company, only 20% of its volumes are aluminum products. Instead, superalloys constitute roughly 60% of volumes and titanium products account for the balance.

Howmet Aerospace shares were trading up 5.46% at $18.06 on Thursday during the time of publication. The stock has a 52-week high of $18.99 and a 52-week low of $9.87.

Latest Ratings for HWM

DateFirmActionFromTo
Sep 2020Credit SuisseMaintainsOutperform
Sep 2020BarclaysUpgradesUnderweightOverweight
Aug 2020Argus ResearchDowngradesBuyHold

View More Analyst Ratings for HWM
View the Latest Analyst Ratings

 

Related Articles (HWM)

View Comments and Join the Discussion!

Posted-In: why it's movingUpgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
FBJP MorganMaintains315.0
AMDCitigroupMaintains13.0
RPTXNorthland Capital MarketsInitiates Coverage On
PCSACraig-HallumInitiates Coverage On12.0
ENPHCraig-HallumDowngrades105.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com