TransDigm (TDG) PT Raised to $520 at Cowen Amid ESL Deal Closing

March 26, 2019 6:54 AM EDT
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Price: $641.09 -2.11%

Rating Summary:
    16 Buy, 11 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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Cowen analyst Gautam Khanna raised the price target on TransDigm (NYSE: TDG) to $520.00 (from $460.00) while maintaining a Outperform rating.

"We have hiked our F19-20 estimates for accretion from the ESL acquisition," Khanna commented. "We see >5% EPS accretion from ESL in F20, and sizable balance sheet capacity (approx. $100/sh) for deployment within 7 quarters, sufficient to continue TDG's compounding formula."



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