Howmet AerospaceHWM

Guggenheim set its price target for the aerospace parts maker at $350 on Monday. This is higher than the average analyst target of $331 and sits well above the current price of about $225. While the stock has seen a sharp drop over the last month, analysts generally remain positive on the company's role as a critical supplier. Howmet makes specialized engine components that are difficult for rivals to copy, which helps it maintain high profit margins as aircraft production picks up.

Source: Guggenheim

The CEO of Howmet Aerospace noted that the company is being tested by the high volume of orders for jet engine parts. This demand comes as aircraft makers like Boeing and Airbus work through years of backlogged orders for new planes.

While a major competitor in the castings market, the process of making metal parts by pouring liquid metal into molds, is being acquired by GE Aerospace, Howmet remains focused on its own production ramp. For a long-term owner, the main thing to watch is whether the company can keep its profit margins high while spending to expand its capacity to meet this surge in orders.

Source: Reuters

Deutsche Bank set its price target for the stock at $343 on Wednesday. This is notably higher than the average analyst target of $319. While the stock has seen some recent volatility, this call suggests the firm sees significant room for the price to rise from its current level of about $241.

Source: Deutsche Bank

Bernstein raised its price target for the stock from $318 to $328 while keeping an outperform rating. This reflects a belief that the company will continue to see strong demand for its complex engine components and fasteners as aircraft makers work through large order backlogs. The new target is slightly higher than the average analyst target of $317. While the stock has fallen recently, this move suggests that professional analysts still see significant room for the price to rise based on the company's technical edge in aerospace manufacturing.

Source: Bernstein

Morgan Stanley raised its price target for the company to $335 from $315. This adjustment follows a period of strong demand for the specialized engine parts and fasteners that the company produces for the aerospace industry. A price target is an analyst's estimate of where the stock will be in a year. This new target is about 18 percent higher than where the stock currently trades and sits above the average target of $309 set by other Wall Street firms.

Source: Morgan Stanley

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