BUZZ-Wells Fargo raises Woodward PT on steady deliveries

Reuters12-04

** Wells Fargo raises PT on aerospace and industrial equipment firm Woodward to $197 from $177; maintains "equal weight" rating

** Brokerage says WWD continues to deliver to engine manufacturers at a higher rate despite Boeing slowdown

** New PT is a 8.7% upside to stock's last close

** Says revenue from aerospace segment should benefit from large aftermarket exposure

** But brokerage also says "WWD has been hit hard by labor and supply chain disruptions, and the timing of return to normal is uncertain"

** Five of 13 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $198 - LSEG data

** Up to last close, stock up 33% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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