Zacks Investment Research downgraded shares of Woodward, Inc. (WWD) from OUTPERFORM to NEUTRAL on November 07, 2014, with a target price of $54.00.
We are downgrading our recommendation on Woodward Inc. to Neutral from Outperform. Woodward is steadily becoming a major supplier in the aircraft, gas turbines and heavy-duty engines markets. The company has stepped up its capital spending to develop new technologies and state-of-the-art facilities. It also stands to benefit from the increased use of natural gas as a source of electricity and a transportation fuel, particularly in the wake of stringent carbon regulations. However, it faces intense competition in both the U.S. and abroad. Its revenue stream is over dependent on the order flow from defense majors like Boeing. It may also be adversely impacted by the volatility in energy and commodity prices.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on Woodward, Inc. (WWD),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment