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UPDATE: Credit Suisse Reinstates Coverage of TransDigm With Outperform Rating, Maintains $151 PT

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Credit Suisse has reinstated coverage of TransDigm Group Inc. (NYSE: TDG) with an Outperform rating, maintaining a price target of $151.

Credit Suisse noted, "We are reinstating coverage with an Outperform rating. Our updated EPS forecasts for FY'13 and FY'14 are $7.29 & $8.23 from $7.98 & $9.13, respectively, and incorporate the higher interest expense from the recent debt raise that funded the special dividend. Also, our FY'13 EPS reflects the latest management commentary for low single-digit growth in Commercial OE, 5-10% growth in Commercial Aftermarket and for Military revenue to be "modestly down." Our TP remains $151."

TransDigm closed at $138 on Wednesday.

Latest Ratings for TDG

DateFirmActionFromTo
Jan 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy
Jan 2017RBC CapitalInitiates Coverage OnOutperform
Dec 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for TDG
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Analyst Ratings

 

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