UPDATE: Wedbush Downgrades TransDigm to Neutral
According to Wedbush, TransDigm (NYSE: TDG) is downgraded to Neutral.
Wedbush said that it is lowering its rating on TransDigm (TDG) to NEUTRAL from OUTPERFORM, and reducing its price target to $98 from $108. “Based on our proprietary commercial Maintenance, Repair and Overhaul (MRO) survey, we believe 1Q 12 results will be basically in-line, and upside from better than expected fundamentals in 2012 will be limited.”
TransDigm closed yesterday at $97.97.
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