Curtiss-Wright (CW) PT Raised to $333 at Truist Securities

Truist Securities analyst Michael Ciarmoli raised the price target on Curtiss-Wright (NYSE: CW) to $333.00 (from $304.00) while maintaining a Hold rating.

The analyst commented: 'We maintain our HOLD rating/lift our PT to $333 (from $304) on CW post 3Q24. A solid beat benefited from pull forward/timing and while '24 guidance was lifted the magnitude of the increase was less than the 3Q24 beat. General industrial and process were modest pressure points that were offset by defense electronics strength and again solid execution. Comm'l nuclear sentiment has improved amid recent news flow but mgmt's LT 2028/2035 rev targets are unchanged. Given that we are still years away from a comm'l nuclear driven upward estimate revision cycle we continue to struggle to recommend buying CW shares at current levels."

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