Woodward price target raised to $177 from $168 at UBS

UBS raised the firm’s price target on Woodward to $177 from $168 and keeps a Buy rating on the shares. Woodward’s Q1 results were solid, with Industrial leading an 18% total EBIT beat, with Aerospace EBIT also 5% above, the analyst tells investors in a research note. Woodward delivered strong growth and operational performance with multiple facets of conservatism in full-year guidance, UBS contends.