Bernstein Raises Howmet Aerospace (HWM) Price Target as Q2 Results Impress

Howmet Aerospace Inc. (NYSE:HWM) is one of the top industrial stocks to buy amid easing tariff uncertainties. On August 4, Bernstein raised the stock’s price target to $217 from $174 while reiterating an ‘Outperform’ rating.

The price target hike follows the aerospace company’s delivery of better-than-expected second-quarter results. Earnings per share came in at $0.91, beating consensus estimates of $0.87 a share. Revenue in the quarter totaled $2.05 billion against $2.01 billion expected.

Impressed by the strong momentum in the second quarter, Bernstein raised its 2025 EPS estimate of the stock from $3.64 to $3.67. The rise comes amid growing expectations of growth in the Industrial gas turbines sector and strong margins across all industries.

Howmet Aerospace Inc. (NYSE:HWM) is a global manufacturer specializing in engineered metal products for the aerospace and transportation industries. It produces a wide range of components and systems, including those for aircraft engines and airframes, as well as forged aluminum wheels for commercial vehicles.

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Disclosure: None. This article is originally published at Insider Monkey.