BUZZ-Jefferies raises PT on Woodward on improved factory operations

Reuters12-03
BUZZ-Jefferies raises PT on Woodward on improved factory operations

** Jefferies raises target price on aerospace and industrial equipment firm Woodward WWD.O to $225 from $200; maintains "buy" rating

** "WWD has made significant progress toward stabilizing its factories from supply-chain delays through production rationalization, inventory management, and rapid response machining capabilities" - brokerage

** New PT represents 24% upside to WWD's last close

** Shares of WWD down 1% in morning trade

** 5 of 13 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $190 - LSEG data

** Up to last close, stock was up 32% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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