Truist upgrades Woodward, raises PT

Woodward

21/08/2024 12:42

** Truist raises PT on aerospace control solution maker
Woodward  WWD.O  to $187 from $152; changes rating to "buy" from
"hold" 
    ** We believe the company represents a compelling way to
play the expected production ramp of narrow body aircraft-
Truist 
    ** Brokerage adds "Defense OEM revenues, which appear poised
to see growth re-acceleration after 5 years of a negative
compound annual growth rate"
    ** As of last close, WWD stock was up ~13% YTD

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