Deutsche Bank starts Curtiss-Wright with 'buy'

Curtiss-Wright

05/12/2024 12:39

** Deutsche Bank initiates coverage of aircraft parts maker
Curtiss-Wright  CW.N  with "buy" rating; PT at $452
    ** Brokerage says CW has highly defensive end-market
exposure with long-cycle visibility and limited near-term
downside risk
    ** PT represents 19% upside to stocks last close
    ** Brokerage also says it sees upside in company's
diversified exposure to a demand resurgence within the
commercial nuclear industry and CW's share gain opportunity in
defense electronics
    ** 5 of 8 brokerages rate the stock "buy" or higher, 3
"hold"; their median PT is $370 - LSEG data
    ** Up to last close, stock up 70.20% YTD

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))