Americas

Woodward upgraded to buy from Deutsche Bank

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Woodward upgraded to buy from Deutsche Bank

US provider of aircraft engine control systems Woodward has been upgraded to buy from Deutsche Bank.

The analysts had said their previous downgrade on Woodward last year was an error, noting a short-term perspective. The analysts said the company's strong results also drove the upgrade. 

Woodward is involved in engine platforms such as the LEAP, CFM56, GEnx, and others have played a key role in the company's performance.