Howmet Aerospace (HWM) Stock Target Raised as Fastener Market Tightens Post-PCC Fire

Howmet Aerospace Inc. (NYSE:HWM) ranks among the best momentum stocks to buy. On July 21, Jefferies increased its price target for Howmet Aerospace Inc. (NYSE:HWM) from $210 to $220 while keeping the company’s shares at a Buy rating. The change comes after Jefferies researches the aerospace fastener market following the closure of Precision Castparts Corp.’s (PCC) Jenkintown factory, which eliminated around 10% of the $4 billion market’s annual aerospace and defense fastener capacity.

Howmet Aerospace (HWM) Stock Target Raised as Fastener Market Tightens Post-PCC Fire

rommma/Shutterstock.com

The Jenkintown fire caused fastener activity, which was at 109% of January 2023 levels before the fire, to drop to 100% in June 2025. That said, overall market activity increased by 2% ($94 million annualized), excluding the Jenkintown plant.

In June, PCP’s operations outside of Jenkintown increased by 2% over pre-fire levels, while Howmet Aerospace Inc. (NYSE:HWM) performed somewhat better, increasing by 3%.

Howmet Aerospace Inc. (NYSE:HWM) is a U.S. aerospace company that creates vital solutions for the transportation, defense, and aerospace industries. Its varied offering includes forged wheels, technical structures, fastening systems, and engine components.

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 this cheapest AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.