12 Best Aerospace Stocks to Buy Right Now

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6. Howmet Aerospace Inc. (NYSE:HWM)

Number of Hedge Fund Holders: 71

Howmet Aerospace Inc. (NYSE:HWM) is among the 12 Best Aerospace Stocks to Buy Right Now. The stock continues to remain on analysts’ radar and sports a Strong Buy rating with an average share price upside of 19% as of the close of business on Thursday.

Recent updates include Citigroup on April 2, reducing the price target on the stock to $271 from $283, while reiterating a Buy rating. The adjustment came as part of the firm’s first-quarter preview.

Earlier on April 1, Wells Fargo’s David Strauss initiated coverage on Howmet Aerospace Inc. (NYSE:HWM) with an Equal-Weight rating and announced a price target of $240.

The analyst, in a research note to clients, noted HWM’s high valuation, while highlighting that it anticipates less upside to estimates compared to peers in the industry. Wells Fargo also added that much of the company’s organic growth over the past years was largely in line with how other peers performed.

In other news, last month the company was named among the 10 Best Aerospace Dividend Stocks to Buy by Insider Monkey, reflecting its commitment to shareholder returns.

Howmet Aerospace Inc. (NYSE:HWM) provides advanced engineered solutions for the aerospace and transportation industries. The company’s primary business focus is on providing components for aircraft engines, airframe structures, and fastening systems.

While we acknowledge the potential of HWM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HWM and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Aerospace Stocks to Buy Right Now.

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