Truist analyst Michael Ciarmoli lowered the firm’s price target on TransDigm (TDG) to $1,647 from $1,730 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in Aerospace and Defense. Sentiment surrounding aircraft OEM production is increasing, and the firm is favoring MAX-exposed suppliers, the analyst tells investors in a research note. The firm also notes that aftermarket demand trends continues to be buoyed by passenger travel strength, engine shop visits, and new aircraft supply chain challenges, though it sees Defense as a bit more nuanced as the government shutdown looms over Q4 and FY26 outlooks.
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 $1,600 from $1,750 at Morgan Stanley
- TransDigm price target lowered to $1,450 from $1,500 at Susquehanna
- 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