Truist analyst Michael Ciarmoli raised the firm’s price target on Curtiss-Wright (CW) to $333 from $304 and keeps a Hold rating on the shares. The company’s solid Q3 earnings beat benefited from pull forward/timing, and while the FY24 guidance was lifted, the magnitude of the increase was less than the Q3 beat, the analyst tells investors in a research note. General industrial and process were modest pressure points for Curtiss-Wright, but these were offset by defense electronics strength and more solid execution, the firm added.
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Read More on CW:
- Curtiss-Wright Reports Strong Q3 2024 Results and Raises Guidance
- Curtiss-Wright raises FY24 adjusted EPS view to $10.55-$10.75 from $10.40-$10.65
- Curtiss-Wright reports Q3 adjusted EPS $2.97, consensus $2.70
- Curtiss-Wright initiated with an Overweight at Alembic Global
- Is CW a Buy, Before Earnings?