Morgan Stanley Lifts Howmet Aerospace Inc. (HWM)'s Price Target To $210, Maintains Overweight Rating

Howmet Aerospace Inc. (NYSE:HWM) is among the 10 Best Aerospace Stocks to Buy Now. On July 17, Morgan Stanley hiked the stock’s price target to $210 from $170, while maintaining an Overweight rating for its shares.

Analyst Kristine Liwag noted the record multiples aerospace stocks were trading at, while adding that the expansion reflected the sector’s resilience. She expects the dynamics to ‘largely remain on trend’.

The Morgan Stanley analyst also highlighted the improvements in the aero supply chain, Boeing’s output momentum, and robust air traffic demand, which continue to favor stocks in the sector with a mix of aftermarket and OEM exposure.

The price target of $210 for Howmet Aerospace Inc. (NYSE:HWM) represents a nearly 12% upside potential from its trading value at close on July 28.

On July 14, analysts at Susquehanna also raised Howmet Aerospace Inc. (NYSE:HWM)’s price target to $210 from $170, and reiterated the prior Positive rating for the stock.

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