UPDATE: Imperial Capital Reiterates TransDigm Group at Outperform Following Meeting with Management
Imperial Capital maintained its Outperform rating and $156 price target on TransDigm Group (NYSE: TDG).
Imperial Capital noted, "Our recent meeting on 11/16/12 with management at company headquarters, in Cleveland, Ohio, provided better clarity on the 2013 outlook, and re-affirmed our positive outlook for TDG stock. In our view, the fundamental upside in 2013 is limited. Commercial aftermarket growth could be closer to 10% than 5%, but the primary levers for 2013 are execution on the expected GPECS acquisition, and further transactions."
TransDigm Group closed at $132.40 on Friday.
Latest Ratings for TDG
|Dec 2015||JP Morgan||Downgrades||Overweight||Neutral|
|Aug 2015||FBR Capital||Reiterates||Sector Perform|
|Aug 2015||RBC Capital||Maintains||Sector Perform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.