Jefferies Starts TransDigm (TDG) at Buy

September 22, 2016 6:37 AM EDT
Get Alerts TDG Hot Sheet
Price: $289.12 +0.71%

Rating Summary:
    10 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 9 | New: 77
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Jefferies initiates coverage on TransDigm (NYSE: TDG) with a Buy rating and a price target of $340.00.

Analyst Sheila Kahyaoglu commented, "We initiate with a Buy rating based on EPS expanding at twice the rate of A&D peers (20% vs. 10%) reaching $19.00 by FY20. EPS growth is driven by Transdigm's proprietary product offering. Our above consensus estimates (2018-20) are based on TDG's ability to increase price (+2.5% / year) leading to >40% incremental margins, supported by our TDG Customer Survey."

For an analyst ratings summary and ratings history on TransDigm click here. For more ratings news on TransDigm click here.

Shares of TransDigm closed at $282.69 yesterday.



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