Truist Securities Maintains Hold Rating for Woodward: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained a Hold rating on Woodward (NASDAQ:WWD) but increased its price target from $136.00 to $143.00. Woodward's shares are currently trading at $151.00, up 5.8% over the last 24 hours. The new price target suggests a potential downside of 5.3% from the current share price. Woodward is a provider of control solutions for the aerospace and industrial markets, with facilities in the US, Europe, and Asia.
January 30, 2024 | 5:00 pm
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Truist Securities maintains a Hold rating on Woodward with a raised price target from $136 to $143, while the stock is trading at $151, indicating a potential decrease.
The maintenance of a Hold rating combined with a price target that is below the current trading price could lead to a negative perception among investors, potentially exerting downward pressure on the stock in the short term. However, the recent uptick in share price indicates positive market sentiment that may counterbalance the impact of the analyst's rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100