Drexel Hamilton Starts Woodward (WWD) at Buy; Best Top-Line Growth Stories in the Sector
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Price: $149.74 +0.09%
Rating Summary:
12 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
12 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Drexel Hamilton initiates coverage on Woodward (NASDAQ: WWD) with a Buy. PT $43.00.
Analyst, Peter Skibitski, said, "...we believe the company’s exposure to global aerospace and energy markets positions it as one of the best top-line growth stories in the sector...Despite some tremors in global business confidence, continued increases in global energy demand for power generation and industrial use should help drive industrial turbine demand and WWD Energy products...Long-term, WWD’s Aero growth outlook is even stronger as the company has gained share on next-generation platforms like the A320NEO and 737MAX."
"We are anticipating a 9% CAGR for Boeing (NYSE: BA) and Airbus commercial aircraft deliveries over the next few years, which should drive WWD Aerospace OE sales."
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 $37.59 yesterday.
Analyst, Peter Skibitski, said, "...we believe the company’s exposure to global aerospace and energy markets positions it as one of the best top-line growth stories in the sector...Despite some tremors in global business confidence, continued increases in global energy demand for power generation and industrial use should help drive industrial turbine demand and WWD Energy products...Long-term, WWD’s Aero growth outlook is even stronger as the company has gained share on next-generation platforms like the A320NEO and 737MAX."
"We are anticipating a 9% CAGR for Boeing (NYSE: BA) and Airbus commercial aircraft deliveries over the next few years, which should drive WWD Aerospace OE sales."
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 $37.59 yesterday.
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