Truist raises PT on Curtiss-Wright after Q1 earnings beat

Curtiss-Wright

13/05/2025 16:44

Updates

** Shares of aerospace & defense service provider Curtiss-Wright CW.N up 3% at $398

** Truist Securities raises price target to $356 from $338, a downside of 8% to the stock's last close

** Brokerage reiterates rating on the stock at 'hold'

** Says cockpit voice and data recording driving growth for the co

** Adds CW partnered with Honeywell HON.O to develop advanced capabilities to improve the duration of cockpit recording devices which aligns with the 25-hour safety mandate

** Brokerage states co received an additional $6 mln through industrial base support funding bringing total funding as of the quarter to $21 mln

** Co last week posted Q1 adj profit of $2.82/share vs analysts' estimate of $2.38/share, as per data compiled by LSEG

** Six of 9 brokerages rate the stock "buy" or higher, 3 "hold" and; their median PT is $418.50 - LSEG data

** Including session's move, shares are up 12.1% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))