tiprankstipranks
Wells Fargo downgrades TransDigm to Equal Weight, lowers price target to $660
The Fly

Wells Fargo downgrades TransDigm to Equal Weight, lowers price target to $660

As previously reported, Wells Fargo analyst Matthew Akers downgraded TransDigm to Equal Weight from Overweight with a price target of $660, down from $735. The analyst sees less upside for the stock with worsening mix trends and more expensive capital. TransDigm trades at a 20%-30% premium to its historical multiple, which Akers expects to shrink as industry conditions normalize.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on TDG:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles