What Happened
Stock Receives Boost from Cramer and Strong Q3 Results
Howmet Aerospace has received an upgrade to Overweight from KeyBanc, with a $237 price target, citing strong Q3 results and growing demand for industrial gas turbines and civil aviation products. Jim Cramer also recommended buying the stock, citing its recent dip despite strong business performance. The company’s Q3 revenue reached $2.7 billion, beating analyst expectations, and adjusted earnings per share were $1.46, exceeding consensus. This news was first reported by an unknown source.