TD Cowen named TransDigm a “best idea for 2024, calling it an industrial “compounder” that “should grind higher given sanguine end market demand, pricing power,” and management’s wherewithal to deploy about $8B in capital capacity for M&A. The firm maintains an Outperform rating and $1,100 price target on TransDigm shares.
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Read More on TDG:
- TransDigm initiated with a Hold at Stifel
- TransDigm downgraded to Neutral from Overweight at Alembic Global
- TransDigm price target raised to $1,100 from $1,000 at BofA
- Lone Pine exited Nvidia during Q3, bought Meta and made top holding
- TransDigm price target raised to $1140 from $1013 at Baird
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