RBC Capital Starts TransDigm (TDG) at Outperform

RBC Capital initiates coverage on TransDigm (NYSE: TDG) with a Outperform rating and a price target of $316.00.

Analyst Matthew McConnell commented, "We see TransDigm as the best business in A&D, manufacturing highly-engineered components with substantial barriers to entry and switching costs, plus solid management and capital allocation. We believe these factors are structurally undervalued by investors who anchor to traditional A&D multiples and do not account for TransDigm’s unique and sector-best business model and pricing power. Our $316 price target supports an Outperform rating."

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 $253.27 yesterday.

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