Woodward price target raised to $125 from $120 at Credit Suisse

Credit Suisse analyst Scott Deuschle raised the firm’s price target on Woodward to $125 from $120 and keeps an Outperform rating on the shares. While the firm thought Woodward had favorable risk/reward into the print, the firm didn’t expect it to be anywhere near this good. Specifically, the company reported an 11% Q2 sales beat, 30% segment EBIT beat, 23% adjusted EBITDA beat, and 40% beat on EPS.