Fly News Breaks for January 15, 2020
Jan 15, 2020 | 05:11 EDT
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.
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