🟢 Howmet Aerospace is trading 4.14% up today as Bernstein sees little threat from SpaceX

Howmet Aerospace is trading 4.14% up at $255.10 after Bernstein analysts said SpaceX’s planned in-house turbine-component production should pose little threat to its market position.

• Bernstein attributed SpaceX’s move primarily to supply constraints, citing strong long-term agreements and elevated demand, while reiterating an Outperform rating.
• The rebound follows Howmet Aerospace’s 7.51% decline to $244.95 on August 31 after the SpaceX announcement.