- StockStory Top Pick HWM -2.86%
- BNPQF 0.00%
Howmet Aerospace Inc. (NYSE:HWM) is one of the best industrial stocks to buy. On November 18, BNP Paribas Exane started covering Howmet Aerospace stock, assigning it an Outperform rating and a $240 price target, according to a report by the Fly.
In a separate update, dated November 3, Howmet Aerospace Inc. (NYSE:HWM) priced $500 million in 4.550% notes that mature in 2032. The net proceeds, as well as the company’s cash reserves, will be put toward redeeming roughly $625 million of its 5.90% notes due in 2027. This refinancing initiative is likely to add $14 million in annual interest payment savings.
BNP Paribas Remains Bullish on Howmet Aerospace (HWM) Copyright: chalabala / 123RF Stock Photo
The offering concluded on November 12, with Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley managing the books for this deal.
Howmet Aerospace Inc. (NYSE:HWM) designs and manufactures engineered products for the aerospace and transport industries worldwide. The company has four main segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
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