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Morgan Stanley Reiterates Underweight Rating, $117 PT on TransDigm Group

Related TDG
D.A. Davidson & Co. Sees Q2 Earnings Ahead Of Expectations For TransDigm Group
Earnings Scheduled For August 5, 2014

In a report published Friday, Morgan Stanley reiterated its Underweight rating and $117.00 price target on TransDigm Group (NYSE: TDG).

Morgan Stanley noted, “We expect TDG to be remain active in M&A, but at >4.0x leverage, TDG is competing against better-capitalized peers (e.g., BEAV, PCP) for similar assets. We think acquisitions will likely be a lower contributor to growth going forward, which combined with modest organic top-line growth (~5%) and increasing industry cost pressures, could put TDG's premium multiple at risk. Reiterate UW and $117 price target.”

TransDigm Group closed on Thursday at $134.83.

Latest Ratings for TDG

DateFirmActionFromTo
Aug 2014JP MorganMaintainsNeutral
Jun 2014Deutsche BankMaintainsBuy
May 2014DA DavidsonMaintainsNeutral

View More Analyst Ratings for TDG
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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