Moog price target raised to $155 from $142 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on Moog to $155 from $142 and keeps a Buy rating on the shares. The company beat consensus and offered an above-Street FY24 outlook, the analyst tells investors in a research note. Moog appears to be making operational improvement progress at a faster than expected pace and its transparency has been improved via the separation of aircraft controls into military and commercial units, even though its free cash flow will be weak in FY24, the firm added.