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Fly News Breaks for December 22, 2016
TDG
Dec 22, 2016 | 07:15 EDT
Canaccord analyst Ken Herbert said the recent underperformance of TransDigm shares has created a buying opportunity. He noted the sector has outperformed while the stock has not due to its high leverage and concerns heading into a more definitive rising rate environment. He does not feel the business model is at risk. Herbert reiterated his Buy rating and $325 price target on TransDigm shares.
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