Deutsche Bank upgraded Woodward (WWD) to Buy from Hold with a $291 price target The company has exposure to the “right submarkets” of engine aftermarket and guided munitions, the analyst tells investors in a research note. The firm says this has enabled Woodward to post strong EBIT compounding and positive estimate revisions in the segment that mostly drives the share price – aerospace. The trends supporting Woodward’s likely 25%-plus aerospace growth this year are unlikely to materially slow going forward, contends Deutsche Bank.
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