** 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
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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