Stifel Upgrades Curtiss-Wright (CW) to Buy

December 19, 2018 4:24 AM EST
Get Alerts CW Hot Sheet
Price: $117.11 +0.28%

Rating Summary:
    9 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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Stifel analyst Nathan Jones upgraded Curtiss-Wright (NYSE: CW) from Hold to Buy with a price target of $122.00 (from $120.00).

The analyst comments "Very strong balance sheet with year-end net debt to trailing EBITDA forecast at a low 0.8x. Curtiss-Wright has returned to the M&A market over the last couple of years with what we view as a couple of very solid deals. The strong balance sheet provides both comfort (financially) and the dry powder to potentially pick up solid companies at good prices should we see a more pronounced market downturn."

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 $103.83 yesterday.



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