JPMorgan raised the firm’s price target on TransDigm to $1,555 from $1,435 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the aerospace and defense group. Earnings should bring new info on the aerospace side, as investors work through the financial impact of the Boeing strike on the company and suppliers, the analyst tells investors in a research note. With the strike still underway, however, “we may not get final answers,” says JPMorgan. This keeps the firm cautious on suppliers with significant plane maker exposure.
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