The Toffees lost 4-1 to the Gunners in the FA Cup quarter-final earlier this month which has sent them on a four-game winning streak in the league to sit just four points behind the north Londoners with a game in hand.
"We are looking forward to playing Arsenal," Howard told reporters.
"We still have a sour taste in our mouth about what happened at the Emirates in the FA Cup, so we will try and put that right at home.
"We're not favourites to finish fourth because the gap is still four points.
"It's in our hands because we have a game in hand and we have to play them, but they still have that four-point lead so it is difficult."
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