Movement Alert｜Howmet Aerospace Rises 3.04% in Regular Trading, Citi Raises Target Price to $303

Market Focus05-20 22:22

On May 20, Howmet Aerospace rose 3.04% in regular trading, trading at $261.235/share, with trading volume of $77.61 million.

On the news front, Citigroup recently raised its target price on Howmet Aerospace from $271 to $303, maintaining a buy rating. According to FactSet, analysts have an average rating of overweight on the stock, with a mean price target of $302.93, implying significant upside from the current trading level.

Howmet Aerospace is a global leader in advanced engineered solutions for the aerospace and transportation industries. The company operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels, supplying jet engine components, aerospace fastening systems, and airframe structural parts. Within the Aerospace & Defense sector, GE Aerospace rose 3.76%, Boeing gained 2.78%, while Rocket Lab USA slipped 0.27%, Redwire Corp. fell 1.92%, and Intuitive Machines declined 2.76%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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