An analyst from Benchmark has revised the price target for Kaiser Aluminum (KALU, Financial), cutting it down to $74 from the previous $100. Despite this adjustment, the recommendation for the company's stock remains a Buy.
Kaiser Aluminum, which is involved in the aerospace sector, is anticipated to report strong results for the first quarter. Growth in the second half of the year is expected to be fueled by an increase in original equipment manufacturer (OEM) production rates.
While near-term challenges such as tariff impacts and consumer spending slowdowns are heightening recession concerns, the continuation of the long-term aerospace replacement cycle provides a positive outlook for the company.
