UPDATE: Wedbush Downgrades TransDigm to Neutral

According to Wedbush, TransDigm TDG is downgraded to Neutral. Wedbush said that it is lowering its rating on TransDigm (TDG) to NEUTRAL from OUTPERFORM, and reducing its price target to $98 from $108. “Based on our proprietary commercial Maintenance, Repair and Overhaul (MRO) survey, we believe 1Q 12 results will be basically in-line, and upside from better than expected fundamentals in 2012 will be limited.” TransDigm closed yesterday at $97.97.