Stifel Nicolaus Maintains Buy on Curtiss-Wright
Stifel Nicolaus is out with its report today on Curtiss-Wright (NYSE: CW), maintaining Buy.
In its report, Stifel Nicolaus writes, "With its diverse business and end-market mix, Curtiss-Wright is largely insulated from major hits, and the potential for such from defense budget cuts are already in the past, in our view. Commercial aerospace, oil and gas, and energy should remain strong through 2012. We think results and increased guidance set a new benchmark and expect organic growth to continue with the potential for supplements from acquisitions."
At the time of posting, shares of CW were trading at $33.05, down 1.25% from Friday's close.
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