What's Going On With Howmet Aerospace Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Stock Performance and Analyst Ratings: Howmet Aerospace Inc. has experienced a positive stock trend, with shares rising over 4% recently, supported by strong aerospace demand and operational efficiency. Analysts from RBC Capital and Truist Securities have reiterated their favorable ratings and increased price forecasts for the stock.
Financial Outlook and CEO Compensation: The company reported a revenue increase of 6.5% year-over-year in Q1, raising its full-year revenue outlook and EPS guidance. Additionally, CEO John C. Plant received a significant retention grant, maintaining his base salary and bonus eligibility unchanged.
Analyst Views on ITA
Wall Street analysts forecast ITA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ITA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 240.270
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Current: 240.270
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
