Wells Fargo Maintains Equal-Weight on Woodward, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers maintains an Equal-Weight rating on Woodward (NASDAQ:WWD) and raises the price target from $156 to $172.
April 30, 2024 | 2:53 pm
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Wells Fargo has maintained its Equal-Weight rating on Woodward, but increased the price target from $156 to $172.
The increase in price target by Wells Fargo suggests a positive outlook on Woodward's future performance, potentially leading to a short-term increase in stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, but the raised target price signals confidence in the company's potential to grow.
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