Morgan Stanley analyst Kristine Liwag maintained a Buy rating on Curtiss-Wright today and set a price target of $645.00.
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Kristine Liwag’s rating is based on Curtiss-Wright’s strong financial performance and promising growth prospects in its key markets. The company delivered a robust third-quarter performance, surpassing earnings expectations and raising its outlook for sales, operating margins, and earnings per share. A significant factor in this positive outlook is the growing momentum in the commercial nuclear sector, particularly with the potential increase in AP1000 reactor builds in the United States. This development is expected to enhance Curtiss-Wright’s revenue from reactor coolant pump-related products and other associated content.
Additionally, Curtiss-Wright’s core defense business is performing exceptionally well, with the Defense Electronics segment achieving near-record quarterly margins. Despite some anticipated short-term challenges due to a government shutdown, the segment is expected to recover swiftly. The company’s ability to maintain its free cash flow guidance, despite increased capital expenditure expectations, further underscores its strong operational performance. These factors collectively support Kristine Liwag’s Buy rating and the increased price target for Curtiss-Wright’s stock.
Liwag covers the Industrials sector, focusing on stocks such as Boeing, Lockheed Martin, and FTAI Aviation. According to TipRanks, Liwag has an average return of 15.4% and a 65.47% success rate on recommended stocks.
In another report released on November 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $657.00 price target.