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Is It Worth Investing in Howmet (HWM) Based on Wall Street's Bullish Views?


Published on 2024-12-27 12:01:11 - MSN
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  • When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price,

The article from MSN Money discusses the investment potential of Howmet Aerospace Inc. (NYSE: HWM), highlighting Wall Street's generally bullish outlook on the stock. Analysts have set a strong Buy consensus with an average rating of 1.80, where ratings range from 1 (strong Buy) to 5 (strong Sell). The stock has received 13 Buy ratings and 2 Hold ratings, with no Sell recommendations. The mean price target for HWM is $60.67, suggesting a 12.5% upside potential from its current price. The article also notes that Howmet has shown a year-to-date price increase of 22.5%, significantly outperforming the S&P 500's 10.6% rise. Factors contributing to this positive sentiment include Howmet's strategic positioning in the aerospace sector, which is expected to benefit from increased air travel and defense spending, alongside the company's efforts in reducing debt and improving profitability. However, the article advises investors to consider their risk tolerance and investment horizon before making decisions, given the inherent volatility in stock prices.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/is-it-worth-investing-in-howmet-hwm-based-on-wall-street-s-bullish-views/ar-AA1wzVnA ]
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