Curtiss-Wright downgraded to Hold from Buy at Truist

Truist analyst Michael Ciarmoli downgraded Curtiss-Wright (CW) to Hold from Buy with a price target of $240, down from $250. While the firm remains constructive on the long-term outlook for nuclear energy adoption and believes both Curtiss-Wright and BWX Technologies (BWXT), which it also downgraded, are strongly positioned to benefit from growth in traditional and next-gen reactors, its sees limited potential for upward estimate revisions and believe the long-term total addressable market for nuclear is “adequately reflected in current valuations and stock prices,” the analyst tells investors.