Analysts Raise Bar for Aerospace, Lift Howmet

Howmet Aerospace stands out in today's analyst activity. The company received an upgrade, with the consensus target price jumping from $296.29 to $306.75. That is a notable move for an aerospace components maker that supplies jet engine parts to major carriers.

Lumentum Holdings drew multiple changes at once. The consensus target slipped from $1,166 to $1,123, suggesting some profit-taking on recent optimism around optical networking demand. The stock remains a heavily covered name in the AI infrastructure trade.

Allegion and Marriott International both saw target price increases. Allegion's average target moved to $193.64 from $190.36. Marriott's rose to $390.81 from $387.77. Singapore visitor arrivals from China hit 218,674 in September, the highest September figure in six years, which points to continued recovery in global travel demand. That is a constructive backdrop for hotel operators.

Emerson Electric bucked the trend with a target cut, dropping to $174.82 from $175.00. Japan's NC machine tool order backlog rose 50% year-on-year in September, a positive signal for industrial equipment makers generally, though Emerson's cut suggests near-term margin concerns persist.

Applied Materials also saw its target trimmed slightly to $626.86. Semiconductor equipment stocks remain under pressure from uncertain capex guidance.