Transdigm Group (TDG – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Gautam Khanna from TD Cowen maintained a Buy rating on the stock and has a $1,500.00 price target.
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Gautam Khanna has given his Buy rating due to a combination of factors that reflect the strong potential for Transdigm Group’s future performance. The company’s aftermarket sales show promising signs of growth, with an expected acceleration in sales from Q2 to Q4, supported by a favorable pricing environment and positive air traffic projections. The divergence in sub-market performance, with particular strength in the business jet segment, further supports this optimism.
Additionally, Transdigm’s strategic moves, such as the significant contract with Boeing effective in 2025, are expected to enhance profitability. The company’s cash deployment strategies, including a recent stock buyback and a robust M&A pipeline, signal confidence in its financial position and growth prospects. These elements combine to provide a solid foundation for Khanna’s Buy rating on Transdigm Group’s stock.
Khanna covers the Industrials sector, focusing on stocks such as Boeing, Booz Allen, and Carpenter Technology. According to TipRanks, Khanna has an average return of 16.6% and a 71.89% success rate on recommended stocks.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $1,575.00 price target.