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Woodward price target raised to $232 from $209 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on Woodward (WWD) to $232 from $209 and keeps a Buy rating on the shares after attending the company’s Rock Cut Campus facility tour for a close look at its current production lines and product demonstrations. The firm believes that the combination of increasing volumes, price, automation, and mix will push aero segment margins higher in the coming years, which should anchor a mid-to upper teens EPS CAGR, the analyst tells investors in a research note.

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