Woodward rises after Deutsche Bank upgrades to 'buy'

Woodward

03/06/2025 12:57

** Shares of aerospace and industrial equipment maker Woodward WWD.O up 1% to $220 premarket

** Deutsche Bank hikes WWD stock rating to "buy" from "hold"; raises PT to $291 from $196, a 33% upside to stock's last close

** Brokerage says co has driven strong performance as its exposure to the right submarkets and platforms within those markets have enabled it to support continued strong EBIT compounding

** "CFM56 aftermarket volumes are continuing to increase, and pricing on CFM56 should extend out revenue growth on that platform likely to near the end of the decade" - brokerage

** 5 of 12 brokerages rate the stock "buy" or higher and 7 "hold"; their median PT is $229 - data compiled by LSEG

** Up to last close, stock up 31% YTD

 (Reporting by Anshuman Tripathy)