Baird analyst Peter Arment raised the firm’s price target on TransDigm to $1013 from $960 and keeps an Outperform rating on the shares. The firm said it was another strong print with commercial aftermarket and OEM growth continuing to approach pre-pandemic activity and are aiding EBITDA margin guidance of 50%+.
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Read More on TDG:
- TransDigm Group Reports Fiscal 2023 Third Quarter Results
- TransDigm raises FY23 adjusted EPS view to $24.94-$25.36 from $23.31-$24.19
- TransDigm reports Q3 adjusted EPS $7.25, consensus $6.39
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