Citi Suggests Buying Howmet on SpaceX Turbine Insourcing Adjustments
HWM Howmet Aerospace Inc
$244.95 -7.51%
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- 1Howmet Aerospace (HWM) shares fell Monday after SpaceX announced it would insource some gas turbine components.
- 2Citi placed the stock on a 30-day upside catalyst watch while maintaining a Buy rating, and Bernstein raised its price target to $328.
- 3Citi views near-term disruption as limited and said AI data center power demand supports the turbine business beyond its roughly $2 billion revenue target.
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