Howmet Aerospace Inc. beats earnings expectations, leading to a surge in stock price.
Stock AI’s forecasts:
🔴 -8.8% short-term ⬇️
🔴 -6.3% long-term ⬇️
Stock AI’s (HWM) Forecast get (+29.4% Profit)
StockAI’s analysis delivers real-world results. On 17 January 2024, $HWM ($53.3), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $68.96 (🟢29.4%). Buying HWM on this signal yielded a +29.4% profit 💰💰.
HWM-Howmet Aerospace Inc. News
🟢 Howmet Aerospace beats earnings expectations with reported EPS of $0.57, leading to increased investor confidence.
🔴 Barclays raises price target from $65.00 to $85.00, indicating positive outlook for the stock.
🟢 Axxcess Wealth Management LLC buys 6,990 shares of HWM stock, showing increased interest from institutional investors.
🔴 Short interest in Howmet Aerospace increases by 13.3% in April, potentially signaling bearish sentiment from some investors.
🟢 Swiss National Bank reduces stake in HWM by 3.1%, possibly indicating profit-taking after recent price gains.
🔴 California Public Employees Retirement System lowers stake in Howmet Aerospace by 4.9%, possibly due to concerns about future performance.
Howmet Aerospace Inc. stock has been experiencing a mix of positive and negative news recently, leading to fluctuations in its price. The company’s better-than-expected earnings report has boosted investor confidence, leading to a price increase. Additionally, the raised price target from Barclays indicates a positive outlook for the stock, further supporting the price increase. However, the increase in short interest and the reduction in stake by some institutional investors may have a negative impact on the stock price, as it could signal bearish sentiment and profit-taking. It will be important for investors to monitor these developments closely to assess the overall impact on Howmet Aerospace Inc. stock in the short and long term.
HWM-Howmet Aerospace Inc. Analyst Ratings
In recent analyst ratings for Howmet Aerospace Inc. (NYSE:HWM) stock, we have seen a mix of upgrades and downgrades:
📈 Barclays raised the price target on HWM stock from $65.00 to $85.00 and maintained an overweight rating.
📉 The Goldman Sachs Group increased the price target on HWM stock from $77.00 to $87.00.
📈 Argus boosted the price target on HWM stock from $75.00 to $90.00.
These changes in analyst ratings reflect a positive sentiment towards Howmet Aerospace Inc. and its future prospects.
Sources:
1. Yahoo Finance
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. Investing.com
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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