Deutsche Bank Downgrades Curtiss-Wright (CW) to Hold; Valuation Catching Up
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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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Deutsche Bank downgraded Curtiss-Wright (NYSE: CW) from Buy to Hold with a price target raised $1 to $42.
Deutsche analyst says, "4Q results were a little light on sales and margins, which was made up for in lower taxes to hit the market on EPS ($0.84 vs. our $0.83 and Street's $0.84). Offsetting that, cash flow came in nicely and the outlook was in line on EPS while slightly better on the top-line/mgn profile. On balance, though we think the stock performance from here will be more tied to earnings growth/revision vs. the multiple expansion theme (which has played out) that was the basis of our previous Buy rating. Downgrade to Hold given limited upside."
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 $40.82 yesterday.
Deutsche analyst says, "4Q results were a little light on sales and margins, which was made up for in lower taxes to hit the market on EPS ($0.84 vs. our $0.83 and Street's $0.84). Offsetting that, cash flow came in nicely and the outlook was in line on EPS while slightly better on the top-line/mgn profile. On balance, though we think the stock performance from here will be more tied to earnings growth/revision vs. the multiple expansion theme (which has played out) that was the basis of our previous Buy rating. Downgrade to Hold given limited upside."
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 $40.82 yesterday.
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