TransDigm price target raised to $1,300 from $1,250 at TD Cowen

TD Cowen raised the firm’s price target on TransDigm (TDG) to $1,300 from $1,250 and keeps a Buy rating on the shares. The analyst remains bullish on the commercial aftermarket, especially in light of Boeing’s (BA) production problems and said TransDigm is an industrial “compounder” that should grind higher given sanguine end market demand/upside to numbers, pricing power, and M&A prospects.