TransDigm price target raised to $975 from $920 at RBC Capital

RBC Capital raised the firm’s price target on TransDigm to $975 from $920 and keeps an Outperform rating on the shares after its “strong” Q3 results and 21% organic sales growth. Commercial aftermarket fundamentals are continuing to trend better than expected, the analyst tells investors in a research note, adding that the stock is attractive for the strong industry fundamentals and potential M&A upside.