Deutsche Bank Downgrades Woodward to Hold, Lowers Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has downgraded Woodward (NASDAQ:WWD) from Buy to Hold and lowered its price target from $197 to $158.
July 31, 2024 | 9:17 am
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Deutsche Bank has downgraded Woodward from Buy to Hold and reduced the price target from $197 to $158, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target suggest that Deutsche Bank has a less optimistic view on Woodward's future performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100