UBS analyst Myles Walton upgraded Curtiss-Wright to Buy from Neutral with a price target of $165, up from $145. The analyst sees the company's cash flow performance "starting to re-expand" with 6%-7% year-over-year growth over the next few years after consolidating for the last few years. Further, Curtiss-Wright's current valuation on a price-to-earnings basis is attractive relative to its historical averages averages, Walton tells investors in a research note.

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.