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Fly News Breaks for August 9, 2017
TDG
Aug 9, 2017 | 08:23 EDT
Canaccord analyst Ken Herbert raised his price target on TransDigm to $330 from $300 following solid Q3 results. The analyst said the company saw weaker commercial sales but better defense sales. The company maintained its guidance but announced a debt offering, which Herbert believes will lead to a special dividend. Herbert reiterated his Buy rating on TransDigm shares.
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