Keybanc upgrades Howmet Aerospace to Overweight from Sector Weight, sets price target at $237

BTIG reduced its price target for Howmet Aerospace (NYSE:HWM) to $280 from $340, citing a sector-wide valuation reset. The company's Q3 2026 results and updated outlook showed strong demand across aerospace, defense, and industrial gas turbines. Howmet expects $2.5B in industrial gas turbine sales by 2030 and 12% revenue growth in 2027. The stock has fallen 11% in six months, but Wall Street maintains a Strong Buy consensus.

Jefferies reduced its price target for Howmet Aerospace (HWM) to $350 from $370, citing a 17% share decline over six months, though it maintains a Buy rating. The company reported 22% revenue growth and stronger-than-expected Q3 2026 results, raising its full-year outlook. Analysts anticipate 54% upside, with 10 revising earnings upwards. HWM is pursuing growth projects and sees strong demand in aerospace and industrial sectors.

Howmet Aerospace (HWM) reported Q3 2026 revenue of $2.7B (+29% YoY), beating estimates. EPS of $1.46 also surpassed forecasts. Strong growth in commercial aerospace and industrial gas turbines drove performance. Stock rose 2.06% post-earnings. Company raised full-year guidance and announced a $5B share buyback program.

Howmet Aerospace reported Q1 earnings and revenue above estimates, raising annual forecasts due to strong demand in aerospace and gas turbines. Revenue grew 29% YoY, with gas turbines revenue up 45%. The company cautioned about uncertainties from the Iran war but expects robust demand through 2027 and beyond.

Howmet Aerospace (HWM) reported Q3 revenue of $2.7B, up 29% YoY, with EBITDA rising 43% to $879M. Organic growth was 25%, the highest on record, driven by strong demand in aerospace, defense, and gas turbines. EPS increased 54% to $1.46. The company repurchased $500M in stock and raised its dividend 17%. Management highlighted long-term demand visibility but noted some pressure points in certain segments.

Howmet Aerospace (HWM) reported Q3 revenue growth across segments, with defense aerospace up 10% and industrial gas turbines up 45%. The company raised its 2026 outlook and introduced a 2027 revenue target of $11.5B. It also increased share buybacks and dividends. Management highlighted strong demand in industrial gas turbines and aerospace spare parts.