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TDG

TransDigm

$356.29

4.81 (1.37%)

09:01
07/13/18
07/13
09:01
07/13/18
09:01

TransDigm acquires Skandia for approximately $84M

TransDigm announced that it has completed the acquisition of Skandia from Graycliff Partners LP for a total purchase price of approximately $84M, including the assumption of debt. Skandia, headquartered in Davis Junction, Illinois, is a leading provider of highly engineered seating foam, foam fabrication, flammability testing and acoustic solutions for the business jet market. Annual revenues are approximately $26M, and the company currently employs 70 people. Nearly 85% of revenues are derived from the business jet market with the remainder from commercial aerospace applications. The company's products are primarily proprietary and sole source with over 50% of revenues derived from aftermarket content. Skandia is on all major business jet platforms, including those of Bombardier, Cessna, Dassault, Embraer and Gulfstream.

TDG TransDigm
$356.29

4.81 (1.37%)

06/29/18
ADAM
06/29/18
NO CHANGE
Target $375
ADAM
Buy
TransDigm price target raised to $375 from $350 at Canaccord
Canaccord analyst Ken Herbert raised his price target on TransDigm (TDG) to $375 from $350 following its analyst day. The meeting focused on the organic growth outlook by market, an update to longer-term assumptions, the M&A process and pipeline, and the potential risks around Boeing (BA) entering the services market. Herbert said the company is not looking at any major changes despite a new CEO, but he believes that will be comforting to investors and should be viewed as a positive. He reiterated his Buy rating on TransDigm shares.
06/29/18
FBCO
06/29/18
NO CHANGE
Target $400
FBCO
Outperform
TransDigm price target raised to $400 from $350 at Credit Suisse
Credit Suisse analyst Robert Spingarn reiterated an Outperform rating on TransDigm (TDG) and raised his price target to $400 after attending the company's biennial Investor Day yesterday in New York City, telling investors in a research note that the turnout was "standing room only" and Executive Chairman Nick Howley sent a "bullish" message. At the meeting, new CEO Kevin Stein reiterated that he intends to follow in Howley's footsteps, maintaining TransDigm's outsized growth rates and M&A strategy, and both Stein and Howley "offered a high degree of confidence" that Boeing's (BA) PFS 2.0 will not imapct its financial performance.
07/11/18
COWN
07/11/18
UPGRADE
COWN
Outperform
TransDigm upgraded to Outperform from Market Perform at Cowen
07/11/18
07/11/18
UPGRADE
Target $408

Outperform
TransDigm upgraded to Outperform on reduced risks at Cowen
As previously reported, Cowen upgraded TransDigm (TDG) to Outperform from Market Perform with a $408 price target telling investors fundamental threats to TransDigm's aftermarket/M&A playbook are abating. Analyst Gautam Khanna said contract talks between TransDigm and Boeing (BA) are close to being agreed upon with no major threats to TransDigm, and concerns regarding deal economics appear to be misplaced. Further, the Department of Defense procurement rule as of July 1 may actually provide TransDigm with more pricing power versus the old policy, Khanna wrote in a note to investors. The analyst adds, the Department of Defense inquiry is also nearing completion with any fines likely to be minimal, end markets are improving, and the company has $2.3B available for M&A or dividends.

TODAY'S FREE FLY STORIES

NTGN

Neon Therapeutics

$8.88

0.56 (6.73%)

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GTHX

G1 Therapeutics

$46.88

-0.07 (-0.15%)

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NCNA

NuCana

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1.9 (11.18%)

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LPTX

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-0.17 (-2.57%)

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Merck

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INCY

Incyte

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1.66 (2.58%)

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LOXO

Loxo Oncology

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-7.58 (-4.52%)

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Bayer

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LOXO

Loxo Oncology

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-7.58 (-4.52%)

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MRTX

Mirati Therapeutics

$40.04

-1.82 (-4.35%)

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RHHBY

Roche

$0.00

(0.00%)

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GILD

Gilead

$73.27

-0.9 (-1.21%)

, GLPG

Galapagos NV

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2.29 (2.17%)

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GLPG

Galapagos NV

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BLRX

BioLineRx

$0.98

-0.22 (-18.33%)

, MRK

Merck

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0.12 (0.17%)

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$0.98

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$72.34

0.12 (0.17%)

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ADAP

Adaptimmune

$10.79

-0.09 (-0.83%)

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RHHBY

Roche

$0.00

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PFE

Pfizer

$44.50

0.48 (1.09%)

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MRK

Merck

$72.34

0.12 (0.17%)

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DVAX

Dynavax

$10.90

-0.47 (-4.13%)

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Merck

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EXEL

Exelixis

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AGEN

Agenus

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  • 07

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OMED

OncoMed

$2.47

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IMGN

ImmunoGen

$7.44

-0.355 (-4.56%)

, MRK

Merck

$72.34

0.12 (0.17%)

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ImmunoGen presents initial data from FORWARD II expansion cohort »

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MRK

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BMY

Bristol-Myers

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MRK

Merck

$72.34

0.12 (0.17%)

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TSRO

Tesaro

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-1.19 (-2.77%)

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  • 01

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UDR

UDR, Inc.

09:37
10/21/18
10/21
09:37
10/21/18
09:37
Downgrade
UDR, Inc. rating change at Evercore ISI »

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  • 30

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AVB

AvalonBay

$178.01

1.725 (0.98%)

09:37
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09:37
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09:37
Downgrade
AvalonBay rating change  »

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