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Fly News Breaks for May 8, 2019
TDG
May 8, 2019 | 07:44 EDT
Canaccord analyst Ken Herbert raised his price target for TransDigm to $520 from $460 and maintained a Buy rating following the company's Q2 results, saying the company raised its financial guidance to reflect better performance on the base business as well as to now reflect the 6.5-month contribution from Esterline Technologies. Excluding Esterline organic growth in the commercial AM was 6%, up 10% in the commercial OE market, and defense sales were up an "impressive" 18%, Herbert says.
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