Truist analyst Michael Ciarmoli raised the firm’s price target on Curtiss-Wright to $190 from $183 and keeps a Buy rating on the shares. The analyst states that the company’s in-line Q4 results and 2023 outlook alleviated concerns about economic and supply chain-related pressures. The firm further notes that 2023 defense revenue growth appears to be better than feared while core commercial nuclear revenue growth of mid-single-digits has accelerated from the management’s low-single-digit view disclosed at its 2021 investor day.
Published first on TheFly
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