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Strauss Lowers Target Price for Howmet Shares Following Earnings Report

1 report, 1 independent Updated Fri 00:00
AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

On October 30, 2026, Strauss lowered its target price for Howmet shares. This action followed Howmet's earnings release on October 29, during which the company reported that adjusted EBITDA increased 43% to $879 million. Commercial aerospace revenue grew 32%, and gas-turbine revenue rose 45% during the quarter.

From finchannel.com

Why it matters

Some supportBrind's analysis of the reports

The target cut by Strauss occurred despite Howmet raising its 2026 revenue baseline to $10.3 billion and projecting $11.5 billion in revenue for 2027. The report noted that while Howmet showed strong growth, other research firms had previously expressed caution regarding the sector's valuation.

From finchannel.com

Who's involved

  • StraussCompany that lowered its target price for Howmet shares

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • StraussSpeculative

    Strauss might see changes in its research revenue or client contracts due to the target price adjustment.

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The entities involved

  • Strauss

    Retailer for Workwear, Safety Footwear & Personal Protective Equipment

    Nothing else this week.

Coverage

Newest first; wire copies grouped