Truist analyst Michael Ciarmoli raised the firm’s price target on TransDigm to $810 from $710 and keeps a Buy rating on the shares. The company’s Q1 results marked a "strong beat" while the management’s commentary leaves plenty of room for further earnings growth as high-margin aftermarket volumes continue to recover, the analyst tells investors in a research note. The firm adds however that the commentary on the original equipment market appeared to be more tempered, as the supply chain / labor environment remains challenging.
Published first on TheFly
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