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TDG — TransDigm Incorporated News Story

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J.P.Morgan cuts TransDigm price target; shares fall

** J.P.Morgan cuts aircraft parts maker TransDigm's TDG.N PT to $1405 from $1500, representing 9.3% upside on stock's last close

** TransDigm shares fall nearly 1% to about $1278.5 in early trading

** "TDG has a model for generating equity returns by focusing on the aftermarket, pricing its products aggressively, undertaking accretive acquisitions, and employing financial leverage," brokerage says

** Says co's underperformance since its last earnings report is notable, and brokerage has been relatively cautious on stock

** 18 of 22 brokerages rate stock "buy" or higher and four "hold"; their median PT is $1550 - data compiled by LSEG

** Including session moves, shares up about 9% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))

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