Morgan Stanley analyst Kristine Liwag raised the firm’s price target on TransDigm to $793 from $765 and keeps an Overweight rating on the shares after the company’s fiscal Q1 results were driven by stronger than expected growth in commercial aftermarket. The firm remains bullish commercial aftermarket, arguing that China’s re-opening providing further growth for the business.
Published first on TheFly
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Read More on TDG:
- 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
- TransDigm price target raised to $710 from $660 at Wells Fargo
