Howmet Aerospace: Buying opportunity despite SpaceX and GE concerns? Citi sees over 40% potential

Citi places Howmet Aerospace on the "Upside 90-Day Catalyst Watch” and reaffirms its buy rating with a price potential of around 42%. The stock is about 25% below its all-time high. Concerns regarding GE and SpaceX have weighed on the stock, while demand, margins, and profits remain strong. Aerospace, defense, and gas turbines are driving growth. Revenue from gas turbines is expected to exceed 2 billion USD in three to five years. The stock of Howmet Aerospace (HWM) has fallen about 25% from its all-time high of 310 USD in early August....