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UPDATE: Deutsche Bank Raises PT on TransDigm Group to $150

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Deutsche Bank has published a research report on TransDigm Group (NYSE: TDG) and has raised the price target from $138 to $150.

In the report, Deutsche Bank wrote, "Yesterday TDG announced they were seeking to amend their credit facility, which in part would allow the company to issue a $400-850M special dividend. As the cash balance has risen at TDG toward $450M by year-end and with net debt-to-EBITDA below 4X, it has been expected that a dividend and/or larger acquisitions would be near-term. However, we think the potential size of the dividend was larger than expected, particularly at the top-end of the potential range."

Deutsche Bank maintained its Hold rating on TransDigm Group, which is currently trading up 1.96 percent from Wednesday's $145.31 closing price.

Latest Ratings for TDG

DateFirmActionFromTo
Nov 2016Deutsche BankUpgradesHoldBuy
Nov 2016Wellington ShieldsDowngradesGradually AccumulateHold
Oct 2016Vertical ResearchInitiates Coverage OnBuy

View More Analyst Ratings for TDG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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