JPM raises PT on TransDigm citing defense growth

TransDigm Incorporated

04/09/2024 12:39

** J.P.Morgan raises price target on aerospace supplier
TransDigm Group  TDG.N  to $1,435 from $1,350, maintains rating
at "neutral"
    ** Company's defense business is set for at least
mid-single-digit organic growth next fiscal year on strong
demand, J.P.Morgan says
    ** TDG should benefit somewhat from a reversal of the
weakness in the freight aftermarket this year - brokerage
    ** 19 of 26 brokerages rate the stock "buy" or higher and 7
"hold"; median PT is $1,481.44 - LSEG data
    ** Stock up nearly 32% YTD

 (Reporting by Shivansh Tiwary in Bengaluru)