BNP Paribas Is Bullish on Howmet Aerospace (HWM)

Howmet Aerospace Inc. (NYSE:HWM) is one of the best industrial stocks to buy. On November 18, BNP Paribas Exane started covering Howmet Aerospace stock, assigning it an Outperform rating and a $240 price target, according to a report by the Fly.

In a separate update, dated November 3, Howmet Aerospace Inc. (NYSE:HWM) priced $500 million in 4.550% notes that mature in 2032. The net proceeds, as well as the company’s cash reserves, will be put toward redeeming roughly $625 million of its 5.90% notes due in 2027. This refinancing initiative is likely to add $14 million in annual interest payment savings.

The offering concluded on November 12, with Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley managing the books for this deal.

Howmet Aerospace Inc. (NYSE:HWM) designs and manufactures engineered products for the aerospace and transport industries worldwide. The company has four main segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

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