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Fly News Breaks for May 10, 2017
TDG
May 10, 2017 | 08:42 EDT
Canaccord analyst Ken Herbert noted TransDigm reported better than consensus Q2 earnings and cited its impressive margins and headwinds affecting its core performance. The analyst believes management made a strong case for second half performance in the commercial AM business and they believe defense will be a source of upside in the second half of the year. Herbert said the optimism on fundamentals provides a floor on the stock and he reiterated his Buy rating and $300 price target on TransDigm shares.
News For TDG From the Last 2 Days
