Wells Fargo Maintains Equal-Weight on Woodward, Raises Price Target to $147
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has maintained an Equal-Weight rating on Woodward Inc. (NASDAQ:WWD) and increased the price target from $128 to $147. This adjustment reflects a more positive outlook on the company's future performance.
November 17, 2023 | 1:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo analyst Matthew Akers has reaffirmed Woodward's Equal-Weight rating but raised the price target to $147, indicating a potential upside from the previous target of $128.
The increase in price target by Wells Fargo suggests a more optimistic view on Woodward's valuation and future performance. While the Equal-Weight rating indicates that the stock is expected to perform in line with the sector or market, the raised target price could lead to positive investor sentiment and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100