Wedbush Upgrades Curtiss-Wright (CW) to Outperform; Going for 'Triple Double' in 2012
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Price: $699.31 +1.52%
Rating Summary:
13 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush upgraded Curtiss-Wright (NYSE: CW) from Neutral to Outperform, price target raised from $36 to $48.
Wedbush analyst says, "While the stock is up 51% since hitting a low of $26.16 in September (compared to a 20% increase over the same period for the broader S&P 500 and a 27% increase in the iShares A&D Index), we believe there is further upside from commercial market catalysts and a continued reduction in defense risk overhang."
"Double-digit EPS and revenue growth in 2012 implies EPS in-line with current 2012 estimates, but does not reflect any upside from conservatism or a 4Q 11 beat. We believe the company will issue guidance that hits its “triple double” goal for 2012, and we expect a strong 4Q 11 reported after the close on 2/14. We are raising our 2012 EPS estimate to $3.08 from $3.00."
For an analyst ratings summary and ratings history on Curtiss-Wright click here. For more ratings news on Curtiss-Wright click here.
Shares of Curtiss-Wright closed at $39.50 yesterday.
Wedbush analyst says, "While the stock is up 51% since hitting a low of $26.16 in September (compared to a 20% increase over the same period for the broader S&P 500 and a 27% increase in the iShares A&D Index), we believe there is further upside from commercial market catalysts and a continued reduction in defense risk overhang."
"Double-digit EPS and revenue growth in 2012 implies EPS in-line with current 2012 estimates, but does not reflect any upside from conservatism or a 4Q 11 beat. We believe the company will issue guidance that hits its “triple double” goal for 2012, and we expect a strong 4Q 11 reported after the close on 2/14. We are raising our 2012 EPS estimate to $3.08 from $3.00."
For an analyst ratings summary and ratings history on Curtiss-Wright click here. For more ratings news on Curtiss-Wright click here.
Shares of Curtiss-Wright closed at $39.50 yesterday.
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