Curtiss-Wright price target raised to $252 from $240 at Truist

Truist raised the firm’s price target on Curtiss-Wright to $252 from $240 and keeps a Hold rating on the shares after its Q1 earnings beat and guidance raise. The company’s strong defense electronics sales and bookings powered a beat and raise despite an unfavorable naval contract adjustment in the quarter, and overall defense demand appears to be strong with international sales inflecting, the analyst tells investors in a research note.