- Truist analyst Michael Ciarmoli initiated coverage of Howmet Aerospace Inc (NYSE:HWM) with a Buy rating and a price target of $41, implying an upside of 31.5%.
- The analyst says that HWM is a unique and differentiated asset in the aerospace supply chain.
- Ciarmoli notes that Howmet can benefit from growing aircraft production rates, share gains in the titanium aerospace market, and an easing supply chain in the transportation market.
- Price Action: HWM shares are trading higher by 0.27% at $31.18 on the last check Wednesday.
Why Pest Control Giant Rentokil’s Shares Are Shooting Higher Today
Shares of Rentokil Initial jumped following news that Nelson Peltz's Trian Fund Management has boosted its stake, becoming one of the top shareholders. This strategic investment now values the company at approximately £11.8 billion.
