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Fly News Breaks for April 19, 2017
TDG
Apr 19, 2017 | 08:52 EDT
Canaccord analyst Ken Herbert noted TransDigm shares were lower yesterday following headlines suggesting the company was under review by the Department of Defense Office of Inspector General. The headline was attributed to a leading publisher on short research on TransDigm and shares fell quickly in reaction despite a lack of confirmation an investigation had started, said Herbert, who believes the company fundamentals remain strong but he expects more news to come from the short side and the steady negative headline flow remains a risk. Herbert maintains his Buy rating and $300 price target on TransDigm shares.