BofA analyst Ronald Epstein raised the firm’s price target on TransDigm to $890 from $770 and keeps a Buy rating on the shares after reporting what the firm calls "yet another quarter of solid margin expansion." TransDigm management raised projected Commercial aftermarket sales to high-teens percent growth, noted BofA, which adds that it continues to see upside to these levels in the event of a stronger recovery in international air traffic and an accelerated reopening in China.
Published first on TheFly
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