Woodward rises after Deutsche Bank upgrades to 'buy'

Shares of aerospace and industrial equipment maker Woodward WWD.O up 1% to $220 premarket

Deutsche Bank hikes WWD stock rating to "buy" from "hold"; raises PT to $291 from $196, a 33% upside to stock's last close

Brokerage says co has driven strong performance as its exposure to the right submarkets and platforms within those markets have enabled it to support continued strong EBIT compounding

"CFM56 aftermarket volumes are continuing to increase, and pricing on CFM56 should extend out revenue growth on that platform likely to near the end of the decade" - brokerage

5 of 12 brokerages rate the stock "buy" or higher and 7 "hold"; their median PT is $229 - data compiled by LSEG

Up to last close, stock up 31% YTD