RBC Capital analyst Ken Herbert raised the firm’s price target on TransDigm to $800 from $750 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company’s total commercial after-market sales were up an impressive 31%, with total commercial original equipment sales also up 20%, the analyst tells investors in a research note. The firm adds that TransDigm’s raised FY23 guidance should also provide positive sentiment for the stock past the recent run up.
Published first on TheFly
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