Jefferies trims Howmet Aerospace price target to $350 while keeping Buy rating
Jefferies reduced its fair‑value estimate for Howmet Aerospace to $350 per share, down from $370, after the stock fell 17% over the past six months. The broker highlighted the company's 22% revenue increase over the last year and stronger‑than‑expected third‑quarter earnings of $1.46 per share on $2.7 billion of revenue. Despite the lower target, Jefferies maintained a Buy recommendation, noting continued demand in aerospace and industrial gas turbines.
Why it matters
The lower target may temper investor expectations and could weigh on the share price, even though the Buy rating signals continued confidence. The adjustment reflects Jefferies' view that the stock is now overvalued relative to its recent performance.
Key facts
- 1Jefferies cut its price target for Howmet Aerospace to $350 from $370. investing.com
- 2The broker cited a 17% decline in the stock price over the prior six months. investing.com
- 3Howmet reported 22% revenue growth over the last twelve months. investing.com
- 4Adjusted earnings for Q3 2026 were $1.46 per share on revenue of $2.7 billion. investing.com
- 5The new target implies a 75.7% upside from the October 30 close of $199.22. tradingview.com
- 6Other analysts have price targets ranging from $230 to $300. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.