KeyBanc analyst Michael Leshock raised the firm’s price target on TransDigm to $1,220 from $1,180 and keeps an Overweight rating on the shares post Q1 earnings/analysis. The firm’s higher estimates reflect stronger Defense business, with potential upside within Commercial Aftermarket. KeyBanc maintains that TransDigm is well positioned to capitalize on a strong aftermarket backdrop for the foreseeable future, and its unique business model creates stronger opportunities relative to peers.
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