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UPDATE: Credit Suisse Downgrades Woodward to Neutral on Slower Growth and Valuation

Related WWD
Woodward Selected By Boeing For 777X Actuation System
Earnings Scheduled For November 10, 2014

Credit Suisse reduced its rating on Woodward (NASDAQ: WWD) from Outperform to Neutral and lowered its price target from $43 to $39.

Credit Suisse commented, "Slowing organic growth, limited visibility in shorter-cycle energy markets & a premium valuation temper our enthusiasm for WWD shares as we head into 2013. Street est. for FY'13 & FY'14 have fallen 14% on average since June, but the stock has held in resulting in a multiple that is 20% higher now. Our EPS est. fall to the low-end of guidance & below consensus as we moderate our market growth & margin assumptions. We are lowering our FY12/13/14 EPS estimates to $2.20/$2.50/$22.89 (from $2.27/$2.83/$3.33) respectively."

Woodward closed at $37.18 on Monday.

Latest Ratings for WWD

DateFirmActionFromTo
Nov 2014JefferiesMaintainsBuy
Nov 2014Drexel HamiltonDowngradesBuyHold
Jul 2014Credit SuisseMaintainsNeutral

View More Analyst Ratings for WWD
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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