Curtiss-Wright price target raised to $284 from $260 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Curtiss-Wright to $284 from $260 and keeps an Overweight rating on the shares after Defense Electronics drove a “strong” Q1 beat. While a naval contract charge tempers the outlook slightly, the firm sees updated EPS guidance reflecting “management conservatism,” with Defense offering upside potential, the analyst tells investors.