TransDigm price target raised to $1,260 from $1,050 at Wells Fargo

Wells Fargo raised the firm’s price target on TransDigm to $1,260 from $1,050 and keeps an Equal Weight rating on the shares. TransDigm had another strong quarter and although commercial aftermarket fell a bit short of expectations, EBITDA estimates should move higher with more to come from the CPI deal closing later this year, the analyst tells investors in a research note.