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Fly News Breaks for January 20, 2017
TDG
Jan 20, 2017 | 14:47 EDT
SunTrust analyst Michael Ciarmoli views Citron Research's report on TransDigm as "misguided" and recommends using today's selloff as a buying opportunity. The Citron report offers no new incremental information, Ciarmoli tells investors in a research note. The analyst points out that the Department of Defense accounts for less than 18% of TransDigm's total EBTIDA. He reiterates a Buy rating on the shares with a $291 price target.
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