Susquehanna lowered the firm’s price target on TransDigm (TDG) to $1,450 from $1,500 and keeps a Neutral rating on the shares. The firm updated its model ahead of Q3 earnings as they see highly favorable trends in the Defense industry and spending growth of roughly 5% in each of the next few years, due to global geopolitical tensions along with restocking and modernization efforts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDG:
- TransDigm price target lowered to $1,370 from $1,490 at Deutsche Bank
- TransDigm initiated with an Outperform at BMO Capital
- TransDigm removed from Franchise Picks list at Jefferies
- Jefferies cuts TransDigm target, removes from Franchise Picks list
- Alphabet downgraded, Boeing upgraded: Wall Street’s top analyst calls