TransDigm price target raised to $1,482 from $1,425 at Truist

Truist raised the firm’s price target on TransDigm to $1,482 from $1,425 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in the Aerospace & Defense sector. The setup for commercial aero OEM will be challenged amid well-telegraphed supply chain and production issues, though the aero aftermarket group should see “another strong showing”, with upside to consensus expectations set to unfold, the analyst tells investors in a research note. For the company, the firm adds that it has updated its estimates to reflect continued aero aftermarket strength while also layering in revenues from the recently closed Communications & Power Industries asset acquisition.