UPDATE: Wedbush Downgrades TransDigm to Neutral

By John Harris
Benzinga Staff Writer
January 18, 2012 10:09 AM

Symbols: MRO, TDG

Posted in: Analyst Color, Downgrades, Analyst Ratings

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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UPDATE: Wedbush Downgrades TransDigm to Neutral

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