Analyst Kristine Liwag of Morgan Stanley maintained a Buy rating on Curtiss-Wright (CW – Research Report), retaining the price target of $405.00.
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Kristine Liwag has given her Buy rating due to a combination of factors indicating strong performance and future potential for Curtiss-Wright. The company reported adjusted earnings per share (EPS) that exceeded both consensus and Morgan Stanley estimates, driven largely by robust revenue from the Naval & Power segment and impressive margins in Defense Electronics.
Furthermore, Curtiss-Wright’s outlook for 2025 is promising, with projected sales and EPS surpassing consensus expectations. The Free Cash Flow (FCF) outlook is also optimistic, with significant growth anticipated following a strong fourth-quarter performance. The company’s strategic acquisition in the Power & Process segment and increasing new orders further bolster its growth prospects, supporting Liwag’s positive recommendation.
CW’s price has also changed moderately for the past six months – from $298.660 to $341.940, which is a 14.49% increase.