Woodward price target raised to $205 from $193 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on Woodward (WWD) to $205 from $193 and keeps an Equal Weight rating on the shares. The firm notes Woodward’s Q1 provided a modest beat driven by industrial, as China OH was slightly ahead of plan. Guidance still appropriately bakes in a wide range of aero outcomes, and could have repo upside, Wells adds.