Woodward price target raised to $152 from $143 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on Woodward to $152 from $143 and keeps a Hold rating on the shares after its Q2 results. Last quarter’s strength was driven by natural gas engine sales into China, which drove a top and bottom line beat, the analyst tells investors in a research note. The aero segment also outperformed expectations, with margins beating consensus by 120bps, and the overall Woodward guidance “appears conservative”, Truist added.