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Fly News Breaks for January 20, 2017
TDG
Jan 20, 2017 | 15:07 EDT
Deutsche Bank analyst Myles Walton, weighing in on Citron Research's negative report on TransDigm Group (TDG), called the conclusion that implied underlying volume growth is -10% an inaccuracy, as he estimates the long-term organic growth of the company to be about 7%, with volume and price splitting the growth. Also, the report implies that the DoD is the company's single largest customer, though Airbus and Boeing (BA) are both larger, noted Walton, who called that claim an exaggeration by Citron. Walton keeps a Buy rating on TransDigm and said he views today's pullback as a buying opportunity.