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Fly News Breaks for June 19, 2018
TDG
Jun 19, 2018 | 07:54 EDT
Baird analyst Peter Arment previewed TransDigm's analyst day, where he believes they will highlight sustained organic growth and their continued pathway for M&A. The analyst said the flexibility for M&A and dividends will come from its free cash flow and reduced leverage. He likes its deep management bench, which he believes will also be highlighted at the meeting. Arment reiterated his Outperform rating and $365 price target on TransDigm shares.
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