Credit Suisse Reiterates an 'Outperform' on TransDigm (TDG); Spares Hit Stride; Guide Looks Conservative; Revising Numbers

Credit Suisse reiterates an 'Outperform' on TransDigm (NYSE: TDG), PT raised $1 to $94.

Credit Suisse analyst says, "We Continue to Favor TDG Among Aftermarket Names: As TDG begins to hit its stride in the aftermkt recovery, we like the stock for the strong spares comps we expect to see for the next several qtrs. We like TDG longer-term for its M&A story. While we do not expect meaningful acquisition activity in the near-term given the recent large M&A TDG is digesting, we do expect more down the road...Our EPS estimates for 2011/2012/2013 are revised to $4.16/$5.09/$5.85 from $4.14/$5.15/$5.90 respectively."

For more ratings news on TransDigm click here and for the rating history of TransDigm click here.

Shares of TransDigm closed at $83.04 yesterday.

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