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Fly News Breaks for July 2, 2018
CW
Jul 2, 2018 | 09:07 EDT
William Blair analyst Nicholas Heymann upgraded Curtiss-Wright to Outperform from Market Perform saying the valuation is "compelling" following the recent correction in the shares. Further, the analyst finds it likely that Curtiss-Wright's next China Direct order will not be disrupted by ongoing trade tariffs with China. He also sees the prospect for better understanding of the company's underlying "continued strong double-digit earnings growth" excluding one-time costs from recent acquisitions. Heymann believes a fair valuation for Curtiss-Wright is 22 times his unchanged 2019 estimated earnings per share of $6.35.
News For CW From the Last 2 Days
CW
Apr 17, 2024 | 07:41 EDT
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.