Wells Fargo raises Woodward PT on steady deliveries

Woodward

04/12/2024 15:31

** Wells Fargo raises PT on aerospace and industrial
equipment firm Woodward  WWD.O  to $197 from $177; maintains
"equal weight" rating
    ** Brokerage says WWD continues to deliver to engine
manufacturers at a higher rate despite Boeing slowdown
    ** New PT is a 8.7% upside to stock's last close 
    ** Says revenue from aerospace segment should benefit from
large aftermarket exposure
    ** But brokerage also says "WWD has been hit hard by labor
and supply chain disruptions, and the timing of return to normal
is uncertain"
    ** Five of 13 brokerages rate the stock "buy" or higher, 8
"hold"; their median PT is $198 - LSEG data
    ** Up to last close, stock up 33% YTD

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