Citi keeps Howmet on upside watch after SpaceX turbine move
Howmet Aerospace shares fell after SpaceX said it plans to produce some gas-turbine components internally. Citi placed HWM on a 30-day upside catalyst watch; the stock rebounded as investors assessed impact.
Howmet Aerospace (HWM) shares fell on Monday after SpaceX said it plans to make some gas-turbine components in-house, leading Citi to place the aerospace supplier on a 30-day upside catalyst watch. The stock recovered on Tuesday as investors weighed the possible impact, while Bernstein separately...