shares of howmet aerospace inc hwm rose 17 in premarket trading friday after benchmark analyst josh sullivan turned bullish on the aerospace and titanium company citing a supply chain recovery and market share gains as companies divest their titanium operations in russia sullivan raised his rating to buy after being at neutral for at least the pat two years sullivan set his stock price target at 40 stock price which implies about 23 upside to thursdays closing price of 3255 sullivan said with global air passenger demand remaining robust and international travel just starting to recover demand for howmets aircraft manufacturing products should provide a longerterm boost and as the russiaukraine war drags on leading aerospace original equipment manufacturers oems to move away from russiabased titanium producer vsmpoavisma sullivan believes howmet can benefit over time as howmet is capable of producing approximately 80 of vsmpos products howmet shares have gained 23 year to date through thursday while the ishares us aerospace  defense etf ita has lost 34 and the sp 500 spx has dropped 181