Jefferies lowered the firm’s price target on TransDigm to $1,515 from $1,625 and keeps a Buy rating on the shares. TransDigm’s Q3 surprised to the upside on defense and profitability and margins reached all-time highs at 53.3%, supported by 15% organic growth, the analyst tells investors in a research note. The opportunity into FY25 comes from commercial aftermarket with freight comps easing, the firm says.
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