Jefferies raises PT on Woodward on improved factory operations

Woodward

02/12/2024 16:41

** Jefferies raises target price on aerospace and industrial
equipment firm Woodward  WWD.O  to $225 from $200; maintains
"buy" rating
    ** "WWD has made significant progress toward stabilizing its
factories from supply-chain delays through production
rationalization, inventory management, and rapid response
machining capabilities" - brokerage
    ** New PT represents 24% upside to WWD's last close
    ** Shares of WWD down 1% in morning trade
    ** 5 of 13 brokerages rate the stock "buy" or higher, 8
"hold"; their median PT is $190 - LSEG data
    ** Up to last close, stock was up 32% YTD

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