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
|Jun 2016||Morgan Stanley||Initiates Coverage on||Equal-weight|
|Apr 2016||KeyBanc||Downgrades||Overweight||Sector Weight|
|Feb 2016||RBC Capital||Upgrades||Sector Perform||Outperform|
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