UPDATE: Ascendiant Initiates Curtiss-Wright at Buy on Significant Exposure

A report released Thursday by Ascendiant Capital Markets initiated Curtiss-Wright Co.

with a Buy rating and a $41 price target. Ascendiant reported that, “Curtiss-Wright Corporation provides products and services that are highly engineered and technically advanced that provide critical functions in demanding conditions. Its products are directed toward vital industries such as defense, commercial aerospace and energy. While the company has significant exposure to the defense industry, it has diversified its end markets, demonstrated the ability to make and integrate acquisitions and implement operating initiatives that should contribute to improved operations and profitability over the next few years.” Shares of Curtiss-Wright opened at $35.43 Friday morning.