KeyBanc raised the firm’s price target on TransDigm (TDG) to $1,500 from $1,440 and keeps an Overweight rating on the shares. Post the firm’s analysis, including its proprietary Q3 Plane Chain survey of aerospace suppliers, KeyBanc is adjusting its expectations for aero-centric suppliers under coverage to reflect slowing order rates and the onset of inventory accumulation after nearly unabated positive momentum over the last three years.
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Read More on TDG:
- TransDigm price target raised to $1,500 from $1,440 at KeyBanc
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- TransDigm price target raised to $1,577 from $1,524 at Deutsche Bank
- TransDigm Group Announces Special Dividend and Strategic Refinancing
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