Group 1 - UBS raised its price target on Howmet Aerospace Inc. to $260 from $228 while maintaining a Neutral rating [1] - Howmet has achieved record EBITDA margins and incremental gains due to pricing strength, increased content per aircraft, and volume growth, despite higher headcount and operational complexity [1] - Aerospace growth is expected to accelerate by 2026, driven by Boeing's 737 MAX production recovery and increased widebody output, with robust spare parts demand and emerging gas turbine power demand contributing to revenue growth [2] Group 2 - UBS acknowledged underestimating the valuation multiple investors assign to Howmet and sees upside to consensus estimates, but believes much of the upside is already priced in at 36 times projected 2026 EBITDA [3] - Achieving parity with GE Aerospace's valuation would require approximately a 40% EBITDA margin, indicating significantly higher earnings than current consensus forecasts [3] - UBS maintained its Neutral stance on Howmet Aerospace due to the high valuation multiple [3]

Core Viewpoint - Jefferies has reaffirmed its "Buy" rating for Safran and increased the price target from EUR 350 to EUR 360, indicating confidence in the company's future performance [1][6] Financial Performance - Safran raised its full-year forecasts following a strong third-quarter performance, particularly in its core jet engine division, which reported higher-than-expected revenues [2][6] - The company's market capitalization is approximately $147.8 billion, reflecting its significant presence in the aerospace industry [4][6] Stock Performance - Despite the positive outlook, Safran's stock price decreased by 1.77%, or $1.59, to $88.18, with trading fluctuations between a low of $87.72 and a high of $88.58 [3][6] - Today's trading volume for Safran's stock was 21,135 shares on the OTC exchange, indicating investor interest likely influenced by the company's strong financial results [5][6]