Auriga reiterates a 'Buy' on TransDigm (TDG); Raising PT as Earnings Momentum Continues

Auriga reiterates a 'Buy' on TransDigm (NYSE: TDG) price target raised from $110 to $130.

Auriga analyst said, "TransDigm reported a solid start to the year, handily beating street expectations with adjusted EPS increasing more than 64% year-over-year. In addition, management increased the midpoint of its 2012 guidance range nearly 6% which excludes the recently announced acquisition of AmSafe which is expected to be accretive to FY12. Given the better-than-expected results and better outlook, we are increasing our price target..."

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 $113.82 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
• SanDisk upgraded at JPMorgan after investor day; shares climb