Woodward Stock: Long-Term Prospects Remain Strong Despite Recent Dip
WWDWoodward(WWD) Seeking Alpha·2024-09-11 17:30
SCM Jeans In June, I covered Woodward (NASDAQ:WWD) with a buy rating and attached a $203.67 price tag to the stock. However, following the third quarter earnings release the stock has lost nearly 7% of its value. In this report, I will discuss the reasons for the decline in the stock prices and update my price target and rating. Woodward Earnings Climb On Sales Growth Slowing   Woodward Woodward saw sales increase by 6% to $848 million and while that indicates a slowing growth rate, it should also be ke ...