Susquehanna analyst Charles Minervino raised the firm’s price target on TransDigm to $750 from $665 and keeps a Neutral rating on the shares. The analyst said TransDigm should see strong revenue growth and margin expansion based on pricing gains and volume improvement, which exited the quarter still 20-30% off pre-pandemic levels.
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
