In a recent update, Citi revised its price target for Curtiss-Wright (CW, Financial), lowering it from $450 to $424, while maintaining a Buy rating for the stock. This adjustment comes as part of a first-quarter analysis of the aerospace and defense sector.
Citi expressed confidence in the global defense spending outlook, noting that defense companies, including Curtiss-Wright, have minimal exposure to tariff impacts. However, the firm indicated that suppliers might experience some pressure on margins. Additionally, manufacturers of business jets could encounter short-term cost increases due to reliance on imports from Canada and Mexico.
The financial institution has adjusted its estimates based on these factors and has moved defense coverage to a priority position, underscoring its positive stance on future defense spending trends.
