Cowen Starts Woodward (WWD) at Market Perform
Get Alerts WWD Hot Sheet
Rating Summary:
12 Buy, 9 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Cowen initiates coverage on Woodward (NASDAQ: WWD) with a Market Perform rating and a price target of $48.00, saying the company is entering a transition year.
Analyst Gautam Khanna commented, "Woodward (WWD) is a well-managed industrial hybrid, with a rising mix of Aero profits (59%E). Yet, non-Aero areas face crosscurrents, restraining F16E sales gains to levels below Street, and reducing conviction that F17E's EPS gains will match Aero growth pure plays (BEAV;HXL). We initiate at Market Perform with a $48 PT (15x C16E EPS)."
For an analyst ratings summary and ratings history on Woodward click here. For more ratings news on Woodward click here.
Shares of Woodward closed at $44.26 yesterday.
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