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TransDigm named a best idea for 2024 at TD Cowen

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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