UPDATE: Imperial Capital Initiates Coverage on TransDigm at Outperform on Acquisition Catalysts

Imperial Capital initiated its coverage on TransDigm

with an Outperform rating and a price target of $145. Imperial Capital noted, "We believe the slower commercial aftermarket growth heading into 2013 is largely priced in. We see upside from acquisitions, commercial original equipment markets, the potential for 2013 aftermarket upside and earnings growth. TDG will continue to see accelerated integration of its recent acquisitions, and subsequent acquisitions can be a positive catalyst." TransDigm closed at $128.47 on Wednesday.