Morgan Stanley Reiterates Underweight Rating, $117 PT on TransDigm Group
In a report published Friday, Morgan Stanley reiterated its Underweight rating and $117.00 price target on TransDigm Group (NYSE: TDG).
Morgan Stanley noted, “TDG reported a small miss in F4Q12, but initial F13 guide was well below our expectations. Comm. aftermarket continues to decelerate, while a defense downturn and a slowdown in M&A continue to be ongoing concerns. Reiterate UW and $117 PT.”
TransDigm Group closed on Thursday at $125.65.
Latest Ratings for TDG
|Oct 2014||Deutsche Bank||Downgrades||Buy||Hold|
|Aug 2014||JP Morgan||Maintains||Neutral|
|Jun 2014||Deutsche Bank||Maintains||Buy|
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