Howmet Aerospace stock rallies after Benchmark upgrades, as long Ukraine war could boost titanium business

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Shares of Howmet Aerospace Inc. rose 1.7% in premarket trading Friday, after Benchmark analyst Josh Sullivan turned bullish on the aerospace and titanium company, citing a supply chain recovery and market share gains as companies divest their titanium operations in Russia. Sullivan raised his rating to buy, after being at neutral for at least the pat two years. Sullivan set his stock price target at $40 stock price, which implies about 23% upside to Thursday’s closing price of $32.55. Sullivan said with global air passenger demand remaining “robust” and international travel just starting to recover, demand for Howmet’s…

This article was originally published by Marketwatch.com. Read the original article here.

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