Morgan Stanley Sticks to Its Buy Rating for Curtiss-Wright (CW)
In a report released today, Kristine Liwag from Morgan Stanley maintained a Buy rating on Curtiss-Wright, with a price target of $760.00.
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Liwag covers the Industrials sector, focusing on stocks such as L3Harris Technologies, Amentum Holdings, Inc., and Transdigm Group. According to TipRanks, Liwag has an average return of 15.9% and a 65.78% success rate on recommended stocks.
In addition to Morgan Stanley, Curtiss-Wright also received a Buy from TipRanks – Google’s Google Aerospace and Defense in a report issued today. However, on the same day, Citi maintained a Hold rating on Curtiss-Wright (NYSE: CW).
Based on Curtiss-Wright’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $869.17 million and a net profit of $124.83 million. In comparison, last year the company earned a revenue of $798.92 million and had a net profit of $111.16 million
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CW in relation to earlier this year. Earlier this month, Christopher Farkas, the EVP & CFO of CW sold 2,665.00 shares for a total of $1,669,169.45.
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