Wells Fargo analyst Sam Pearlstein upgraded Curtiss-Wright to Outperform and raised his price target for the shares to $150 from $120. The analyst sees the company's earnings and free cash flow growth being driven by the broad industrial recovery, U.S. Navy shipbuilding, and tax reform. He also expects to see additional accretive acquisitions.

Stifel raised the firm's price target on Curtiss-Wright to $272 from $255 and keeps a Buy rating on the shares. In a Q1 preview for the diversified industrials group, the firm says it is "generally fairly neutral on stocks under our coverage" with an expectation that companies will be seeing improving demand fundamentals with improving short cycle and waning inventory destocking, offset by the strong performance of the stocks during the quarter. In general, the firm is expecting management commentary to be more positive on the second half, while maintaining a relatively cautious approach to guidance, the analyst tells investors in the preview.