KeyBanc Downgrades TransDigm (TDG) to Hold; Shift Our Sentiment to OE over Aftermarket
Get Alerts TDG Hot Sheet
Price: $1,231.60 -0.18%
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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KeyBanc downgraded TransDigm (NYSE: TDG) from Buy to Hold.
KeyBanc analyst says, "Our downgrade of TDG shares is largely predicated on three key factors: 1) we believe upside from current price levels will be limited over the next 6-12 months; 2) we expect that year-over-year growth will begin to slow as the Company faces tougher comparables; and 3) our sentiment has shifted in favor of OE exposed companies as opposed to aftermarket."
For more ratings news on TransDigm click here and for the rating history of TransDigm click here.
Shares of TransDigm closed at $92.37 yesterday.
KeyBanc analyst says, "Our downgrade of TDG shares is largely predicated on three key factors: 1) we believe upside from current price levels will be limited over the next 6-12 months; 2) we expect that year-over-year growth will begin to slow as the Company faces tougher comparables; and 3) our sentiment has shifted in favor of OE exposed companies as opposed to aftermarket."
For more ratings news on TransDigm click here and for the rating history of TransDigm click here.
Shares of TransDigm closed at $92.37 yesterday.
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