Woodward price target raised to $172 from $156 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on Woodward to $172 from $156 and keeps an Equal Weight rating on the shares after its Q2 earnings beat and guidance raise. The company boosted its outlook on another quarter of China on-highway visibility and higher aero growth, with data center power gen-AI also seen as a new potential growth driver, the analyst tells investors in a research note. The firm is also boosting its FY24 EPS view on the stock to $5.85 from $5.27.