Credit Suisse analyst Scott Deuschle raised the firm’s price target on TransDigm to $830 from $765 and keeps an Outperform rating on the shares. TransDigm’s 2023 is off to a strong start, with commercial aftermarket growing 31% in Q1, OE up 20%, defense up 3%, and incremental EBITDA margins of 66%, the firm says.
Published first on TheFly
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