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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.
Andrey Armyagov/
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.
While we acknowledge the potential of HWM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Falling Stocks to Buy Now and 12 Best Copper Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
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