Truist analyst Michael Ciarmoli raised the firm’s price target on Curtiss-Wright to $190 from $183 and keeps a Buy rating on the shares. The analyst states that the company’s in-line Q4 results and 2023 outlook alleviated concerns about economic and supply chain-related pressures. The firm further notes that 2023 defense revenue growth appears to be better than feared while core commercial nuclear revenue growth of mid-single-digits has accelerated from the management’s low-single-digit view disclosed at its 2021 investor day.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CW:
- Curtiss-Wright sees FY23 EPS $8.65-$8.90, consensus $8.76
- Curtiss-Wright reports Q4 adjusted EPS $2.92, consensus $2.91
- Curtiss-Wright receives $35M French AAE contract
- Curtiss-Wright awarded $287M IDIQ contract by Edwards Air Force Base
- Curtiss-Wright awarded contract for new Enduring Shield platform from Dynetics
