Why Howmet Aerospace's Stock Is Trading Higher Today

Howmet Aerospace HWM shares are trading higher on Thursday after Barclays upgraded the stock from Underweight to Overweight and raised the price target from $13 to $22 per share.

Howmet Aerospace derives the vast majority of its revenue supplying specialty metals to the aerospace and defense end market, although it has a smaller presence in certain other end markets as well. Despite emerging from an aluminum-centric parent company, only 20% of its volumes are aluminum products. Instead, superalloys constitute roughly 60% of volumes and titanium products account for the balance.

Howmet Aerospace shares were trading up 5.46% at $18.06 on Thursday during the time of publication. The stock has a 52-week high of $18.99 and a 52-week low of $9.87.