Wells Fargo analyst Matthew Akers raised the firm’s price target on TransDigm to $725 from $710 and keeps an Equal Weight rating on the shares. While updated higher, 2023 guidance appears achievable, TransDigm’s valuation at 32-times price-to-earnings/18-times EBITDA appears to already account for this, the firm says.
Published first on TheFly
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Read More on TDG:
- TransDigm price target raised to $793 from $765 at Morgan Stanley
- TransDigm says may see ‘further upward revision’ to FY23 guidance
- TransDigm Group Reports Fiscal 2023 First Quarter Results
- TransDigm raises FY23 adjusted EPS view to $21.47-$22.87 from $20.68-$22.08
- TransDigm reports Q1 adjusted EPS $4.58, consensus $4.25
