A protection contractor that traces its roots again to the unique pioneers of aviation , Glenn Curtiss and Wilbur and Orville Wright, is “a high quality asset in a scarce pool” and its shares are a wonderful possibility, according to analysts led by Kristine Liwag at Morgan Stanley. Shares in Curtiss-Wright , which will make sensors, controls, subsystems and mission important components for aircraft, have already climbed about 24% in 2023. Dependent on Morgan Stanley’s new cost focus on of $229 — 22% higher than the aged $188 aim — the stock could rally a further 13% from Friday’s close. CW 1Y mountain Curtiss-Wright shares over the earlier calendar year. The “danger reward skews good” on Curtiss-Wright shares, the Morgan Stanley analysts wrote in a Sunday note, upgrading the North Carolina company to over weight from equal body weight. “The Pivot to Expansion proceeds and endmarket demand from customers continues to be sturdy, positioning CW for underappreciated topline expansion,” Morgan Stanley mentioned, referring to management’s system. “Business nuclear optionality and a May well 2024 Investor Day could provide further more upside.” Curtiss-Wright’s defense electronics small business could develop at a 13% compounded yearly level by 2024 in light-weight of heightened Protection Division outlays and reduced provide chain pressures, Morgan Stanley said. The financial commitment lender also observed “a shortage of superior-good quality” aerospace and defense stocks in the modest- to mid-cap investment universe. — CNBC’s Michael Bloom contributed reporting.