JPMorgan Downgrades TransDigm (TDG) to Underweight

JPMorgan downgraded TransDigm (NYSE: TDG) from Neutral to Underweight with a price target of $290.00 (from $305.00).

Analyst Seth Seifman is concerned over high leverage, sustainability of margin driven earnings and management's ability to continue generating price increases in an aerospace ecosystems experiencing deflation. The analyst also believes that an accretive M&A deal would be more difficult in the NT noting net leverage is at 6.5x as of September 30, 2017.

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 $274.38 yesterday.

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