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Fly News Breaks for January 20, 2017
VRX, TDG
Jan 20, 2017 | 13:09 EDT
Credit Suisse analyst Robert Spingarn recommends using the pullback in shares of TransDigm Group (TDG) following Citron Research's negative report as a buying opportunity. Any government pursuit of lower prices would likely be a lengthy process, Spingarn tells investors in an intraday research note. He notes the comparison to Valeant Pharmaceuticals (VRX) is nothing new. The analyst also sees a low likelihood of President Trump tweeting about TransDigm. Spingarn has an Outperform rating on the shares with a $297 price target. The supplier of aircraft components is down 10%, or $24.75, to $227.09 in afternoon trading.
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