Information Provided By:
Fly News Breaks for May 8, 2017
TDG
May 8, 2017 | 07:21 EDT
Canaccord analyst Ken Herbert remains bullish on TransDigm ahead of Q2 results. The analyst said the recent rally is from improving defense and commercial fundamentals and little follow through from the short thesis. He continues to believe the company is well positioned and the recent underperformance provides an opportunity. Herbert reiterated his Buy rating and $300 price target on TransDigm shares.