Business

Mixed Results in Stock Market with Howmet Aerospace Inc. Garnering ‘Moderate Buy’ Consensus Rating

The stock market saw mixed results today, with the S&P 500 at 4,953.17 (-1.37%), the DOW at 38,272.75 (-1.35%), and the QQQ at 428.55 (-1.56%). Tech giants such as AAPL, MSFT, META, and AMZN also experienced declines, while some companies like GE and DIS saw modest gains.

Howmet Aerospace Inc. (NYSE:HWM) has garnered a ‘Moderate Buy’ consensus rating from fifteen brokerages currently covering the stock, according to Marketbeat Ratings. Among these, two analysts rated the stock as ‘hold’ and thirteen as ‘buy.’ The average one-year target price, based on reports issued in the last year, stands at $57.29.

Recent assessments by analysts have been favorable for Howmet Aerospace. Truist Financial upgraded the company from ‘hold’ to ‘buy’ and raised their price target from $47.00 to $74.00 on January 10th. Additionally, Sanford C. Bernstein initiated coverage on Howmet Aerospace.

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