TransDigm (TDG) PT Raised to $449 at Vertical Research Partners
Get Alerts TDG Hot Sheet
Price: $1,232.90 +2.66%
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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Vertical Research Partners analyst Robert Stallard raised the price target on TransDigm (NYSE: TDG) to $449.00 (from $424.00) while maintaining a Buy rating following strong Q1.
"Organic revenues grew by 12% YoY, with the defense end market surging by 15%, By contrast, aero aftermarket sales were only up 6%, which was a little lackluster versus what has been reported elsewhere in the aerospace sector this quarter," Stallard notes.
The firm raised FY19 adjusted EPS forecast from $16.26 to $17.10, while FY20 goes from $19.19 to $19.86.
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