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Analyst Actions: Woodward Downgraded To Neutral, TP Cut $4 at Credit Suisse On "Slower Growth & Premium Drive"

Posted
12/18/2012 12:26:00 PM
By: MT Newswires
Referenced Stocks:WWD

Woodward Inc. ( WWD ) has been downgraded to Neutral from Outperofrm by analysts at Credit Suisse, while the price target on the stock was lowered to $39 from $43.

"Slowing organic growth, limited visibility in shorter-cycle energy markets and a premium valuation temper our enthusiasm for WWD shares as we head into 2013," said Credit Suisse. "Our EPS estimates fall to the low end of guidance and below consensus as we moderate our market growth and margin assumptions."

The firm is lowering its fiscal year 2012, 2013 and 2014 to $2.20, $2.50 and $2.89, from $2.27, $2.83 and $3.33 respectively.

Shares of WWD are down 2.2% to $36.35 in midday trading, and are within a 52-week range of $30.16 - $46.