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BUZZ-Howmet rises after Morgan Stanley adds to top pick list

BUZZ-Howmet rises after Morgan Stanley adds to top pick list

ReutersReuters2026/10/16 14:07

** Howmet Aerospace HWM.N shares rise 2.3% to $224.69

** Morgan Stanley analyst Kristine Liwag moves HWM to "Top Pick" in commercial aerospace

** Views recent sector selloff as overdone; robust demand, constrained capacity and pricing power supporting a multi-year upcycle

** Expects strong Q326 HWM results; continues to favor gaining exposure to commercial OEM upcycle through suppliers

** Brokerage reiterates "overweight" rating, PT of $335

** Average rating of 24 analysts is "buy;" their median PT is $326.83 - data compiled by LSEG

** Including session gains, stock has risen over 9% YTD


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