Truist raises PT on Curtiss-Wright after Q1 earnings beat

Shares of aerospace & defense service provider Curtiss-Wright CW.N marginally up 0.2% at $388 premarket

Truist Securities raises price target to $356 from $338, a downside of 8% to the stock's last close

Brokerage reiterates rating on the stock at 'hold'

Says cockpit voice and data recording driving growth for the co

Adds CW partnered with Honeywell HON.O to develop advanced capabilities to improve the duration of cockpit recording devices which aligns with the 25-hour safety mandate

Brokerage states co received an additional $6 mln through industrial base support funding bringing total funding as of the quarter to $21 mln

Co last week posted Q1 adj profit of $2.82/share vs analysts' estimate of $2.38/share, as per data compiled by LSEG

Six of 9 brokerages rate the stock "buy" or higher, 3 "hold" and; their median PT is $418.50- LSEG data

As of last close, stock had risen 9.2% YTD