Truist Securities Maintains Hold Rating for Woodward: Here's What You Need To Know

Woodward, Inc +0.64%

Woodward, Inc




Truist Securities has decided to maintain its Hold rating of Woodward (NASDAQ:WWD) and raise its price target from $136.00 to $143.00.

Shares of Woodward are trading up 5.8% over the last 24 hours, at $151.00 per share.

A move to $143.00 would account for a 5.3% decrease from the current share price.

About Woodward

Woodward Inc is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It designs, produces, and service reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. The company holds production and assembly facilities primarily in the United States, Europe, and Asia, and promotes products and services through worldwide locations.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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