TransDigm (TDG) PT Raised to $449 at Vertical Research Partners
Tweet
Share
E-mail
Get Alerts TDG Hot Sheet
Price: $1,294.53 -0.03%
Rating Summary:
21 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
21 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
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.
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
