Citi analyst John Godyn raised the firm’s price target on Curtiss-Wright (CW) to $775 from $728 and keeps a Neutral rating on the shares. The firm updated models in the aerospace and defense sector, saying it does not expect an “immediate V-shaped rally” without a resolution to the Middle East conflict. However, Citi sees buying opportunities following the recent selloffs, expecting the aerospace group to rally first, followed by defense.
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Read More on CW:
- Curtiss-Wright board increases quarterly dividend 8% to 26c per share
- Curtiss-Wright price target raised to $870 from $720 at Baird
- Curtiss-Wright Shareholders Reelect Board and Approve Governance
- Curtiss-Wright price target raised to $724 from $723 at Stifel
- Curtiss-Wright Lifts Outlook on Record Orders