Truist's analyst, Michael Ciarmoli, has revised the price target for Howmet Aerospace (HWM, Financial), scaling it down to $136 from the previous $140. Despite the adjustment, he maintains a Buy rating on the stock. This shift comes as part of a broader analysis anticipating the Q1 earnings for the Aerospace & Defense sector.
The upcoming earnings season is expected to present several challenges, marked by uncertainties and a potential lack of clarity in outlooks for 2025. Concerns about tariffs and recessionary fears are anticipated to influence this highly cyclical industry, impacting investor sentiment.
In light of these conditions, Truist suggests that investors might find more security in the defense sector, noted for its stability and predictability. This sector is further supported by positive developments in defense spending, making it an attractive alternative amidst the volatility in the broader Aerospace & Defense arena.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Howmet Aerospace Inc (HWM, Financial) is $135.73 with a high estimate of $159.65 and a low estimate of $85.00. The average target implies an upside of 9.52% from the current price of $123.93. More detailed estimate data can be found on the Howmet Aerospace Inc (HWM) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Howmet Aerospace Inc's (HWM, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Howmet Aerospace Inc (HWM, Financial) in one year is $67.16, suggesting a downside of 45.81% from the current price of $123.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Howmet Aerospace Inc (HWM) Summary page.
