UBS raised the firm’s price target on Woodward (WWD) to $345 from $329 and keeps a Buy rating on the shares. Woodward is seeing strong aftermarket growth as LEAP and GTF engines move into heavier repair cycles, the analyst tells investors in a research note. The firm estimates a 42% compound annual growth rate for current-generation narrowbody engine revenue through 2030 and 22% through 2040, driving total commercial aftermarket CAGRs of 19% and 13% over the same periods.
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