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Fly News Breaks for May 10, 2017
TDG
May 10, 2017 | 08:00 EDT
RBC Capital analyst Matthew McConnell recommends buying TransDigm's stock on weakness. The analyst blames the stock's decline on a 1.5% drop in its commercial aero aftermarket sales in Q2. However, he thinks that its 2H17 outlook is "healthy," given what he sees as its "solid orders, opportunistic capital deployment," and higher than initially expected defense revenue. The analyst keeps a $316 price target and Outperform rating.
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