Bernstein cuts target for Howmet Aerospace stock to USD 298.00

Published on 10/09/2026 at 16:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 24.00 percent year over year. Howmet Aerospace stock costs EUR 199.20 on October 9, 2026 after EUR 198.50, plus 0.35 percent.

Key points in brief

Bernstein cut its Howmet Aerospace price target from USD 328.00 to USD 298.00 on October 7, 2026, while retaining an Outperform rating.
Second-quarter 2026 revenue rose 24.00 percent year over year to USD 2.55 billion, according to the earnings call transcript.
Howmet Aerospace stock was trading at EUR 199.20 at Lang & Schwarz on October 9, 2026, up 0.35 percent versus the EUR 198.50 prior close.
The company is scheduled to announce third-quarter 2026 results on October 29, 2026.

Aquarell-Panorama der Pittsburgh-Skyline mit Brücken über den Allegheny River im Sonnenuntergang — Howmet Aerospace US4432011082 Aquarellgemälde der Pittsburgh-Skyline mit Flüssen und Brücken im goldenen Abendlicht, Illustration mit AI erstellt.

Howmet Aerospace (ISIN US4432011082) was trading at EUR 199.20 at Lang & Schwarz on October 9, 2026 at 3:46 p.m. CEST, up 0.35 percent versus the EUR 198.50 prior close. On October 7, 2026, Bernstein SocGen Group cut its price target from USD 328.00 to USD 298.00 while retaining an Outperform rating, as Investing.com reported. The target revision puts casting competition at the center of the current debate.

Target cut meets casting concerns

The Bernstein report cited competitive questions around airfoil castings, including a potential SpaceX entry and General Electric's planned acquisition of CPP. It also said General Electric continues to use suppliers including Howmet under long-term contracts, which limits the immediate read-through from that transaction, according to Investing.com.

Against the USD 224.55 last price on the NYSE at 10:01 a.m. ET on October 9, 2026, Bernstein's USD 298.00 target lies 32.71 percent above the market price. Howmet's market capitalization was USD 89.8 billion on October 9, 2026, while its 52-week range stood at USD 183.83 to USD 310.00.

What does the quarter mean for margins?

Howmet's second-quarter 2026 revenue reached USD 2.55 billion, up 24.00 percent year over year, while adjusted EBITDA margin, a profitability measure, rose 340 basis points year over year to 32.10 percent. Earnings per share reached USD 1.33, up 46.00 percent year over year, according to Yahoo Finance.

The same second-quarter 2026 transcript put free cash flow at USD 479.0 million and net debt to trailing EBITDA at 1.40 times. Engine Products revenue increased 32.00 percent to USD 1.37 billion, while Fastening Systems revenue increased 37.00 percent to USD 589.0 million, according to Yahoo Finance. The figures show why the valuation debate depends on sustaining growth while absorbing acquisition-related integration costs.

Three milestones shape the story

On August 6, 2026, Howmet reported second-quarter revenue of USD 2.55 billion, up 24.00 percent year over year, according to Yahoo Finance. On October 1, 2026, the company set October 29, 2026 as the date for its third-quarter results and scheduled the conference call for 10:00 a.m. ET, per Howmet Aerospace. On October 7, 2026, Bernstein cut its target to USD 298.00 from USD 328.00, the latest dated event in this sequence, according to Investing.com.

Next date is October 29

Howmet's next substantiated corporate date is October 29, 2026, when it will announce third-quarter 2026 results and begin its webcast at 10:00 a.m. ET, according to Howmet Aerospace. The release says presentation materials will be published at 7:00 a.m. ET on the same date.

Stock holds near the session level

At Lang & Schwarz, Howmet Aerospace stock was trading at EUR 199.20 on October 9, 2026 at 3:46 p.m. CEST, up 0.35 percent versus the EUR 198.50 prior close. The NYSE quote was last at USD 224.55 on October 9, 2026 at 10:01 a.m. ET, within the USD 183.83 to USD 310.00 52-week range. The further course of trading is shown by the continuously updated real-time quote of Howmet Aerospace stock.