ARNC - Arconic Stock: Improving Prospects In Aerospace And Packaging Segments Make It A Buy
- Arconic Corporation manufactures aluminum sheets, plates, extrusions, and architectural products for the ground transportation, aerospace, and packaging end markets.
- I expect that Arconic will be able to identify emerging technological and broader industry trends in the packaging and aerospace markets.
- I don’t believe that market participants are fully aware of the company's reduction in pension benefits, which will likely bring more free cash from 2022-2023.
- If we use the sector median EV/EBITDA of 7.49x, the implied stock price should be close to $47. Risks would imply a stock price of $20.
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Arconic Stock: Improving Prospects In Aerospace And Packaging Segments Make It A Buy