SunTrust analyst Michael Ciarmoli lowered his price target on Curtiss-Wright to $148 after a "mixed" set of Q3 results and a downward revenue guidance revision that offset "solid" operating margins. The analyst notes that the company's defense-related revenues were the source of weakness and the order flow in that segment was also soft, recommending that investors watch the trends in that business along with the company's overall "elevated costs and the cyclicality of general industrial revenues". Ciarmoli keeps his Buy rating on Curtiss-Wright longer term saying it is a "compelling diversified industrial still reaping the benefits of multi-year turnaround focused on operational improvement".