Citi Raises its Price Target on Howmet Aerospace (HWM)

Howmet Aerospace Inc. (NYSE:HWM) is one of the 12 Strong Buy Stocks to Buy and Hold for the Next 5 Years.

On May 18, 2026, Citi analyst John Godyn raised the firm’s price target on Howmet Aerospace Inc. (NYSE:HWM) to $303 from $271 and maintained a Buy rating on the shares. Godyn said Citi updated models across the aerospace and defense sector and does not expect an “immediate V-shaped rally” without a resolution to the Middle East conflict. Citi still sees buying opportunities after recent selloffs and expects aerospace to rally before defense.

On May 10, 2026, Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Howmet Aerospace Inc. (NYSE:HWM) to $320 from $315 and maintained a Buy rating on the shares. Kahyaoglu said every Howmet segment posted sequential margin expansion in Q1.

Citi Raises its Price Target on Howmet Aerospace (HWM)

Photo by Thisisengineering Raeng on Unsplash

Earlier in May, Howmet Aerospace Inc. (NYSE:HWM) reported Q1 EPS of $1.22, ahead of the consensus estimate of $1.11. Revenue totaled $2.31B, above the consensus estimate of $2.24B. CEO John Plant said the company delivered a “strong start to 2026,” with revenue, adjusted EBITDA, adjusted EBITDA margin, and adjusted EPS exceeding the high end of guidance. Plant also cited 19% year-over-year revenue growth, adjusted EBITDA margin expansion of 320 basis points to 32.0%, and free cash flow of $359 million after $94 million in capital expenditures. Howmet also completed the CAM and Brunner acquisitions, divested a disk forging business within Engineered Structures, and said the net revenue effect of portfolio adjustments adds approximately $275 million to the year’s guidance, with an insignificant EPS effect in 2026 and accretion expected in 2027.

Howmet Aerospace Inc. (NYSE:HWM) provides advanced engineered solutions for the aerospace and transportation industries internationally.

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