Wells Fargo upgraded TransDigm (TDG) to Overweight from Equal Weight with a price target of $1,500, up from $1,375. The firm sees a “significant capital deployment opportunity” not currently priced into the stock. It also does not view the Department of Government Efficiency as a meaningful risk to TransDigm. Wells estimates the company can deploy $5B-$6B of capital per year toward acquisitions, dividends and repurchases, including $2B-$3B of free cash flow and borrowing capacity on incremental EBITDA.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDG:
- Activist Investor Cheers as Honeywell (NASDAQ:HON) Apes GE and DuPont with 3-Way Split
- TransDigm upgraded to Overweight from Equal Weight at Wells Fargo
- TransDigm Group Inc. Boosts Stock Buybacks: $315 Million Invested in Q1 2025
- TransDigm price target raised to $1,502 from $1,455 at UBS
- TransDigm Reports Strong Fiscal 2025 Q1 Results
Questions or Comments about the article? Write to editor@tipranks.com