Woodward price target raised to $245 from $225 at Jefferies

Jefferies raised the firm’s price target on Woodward (WWD) to $245 from $225 and keeps a Buy rating on the shares after having met with CEO Chip Blankenship, CFO Bill Lacey and other executives at the companies Rock Cut facility this week. All indications to Woodward from Boeing (BA) is that the planemaker’s ramp-up schedule remains on track, verified by the firm’s “What’s Up in Renton” tracker suggesting MAX rollouts are aligned with Boeing management’s commentary pointing toward low-30s production per month, the analyst tells investors following the site visit.