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Fly News Breaks for November 20, 2019
Nov 20, 2019 | 07:04 EDT
Credit Suisse analyst Robert Spingarn raised his price target for TransDigm to $623 from $584 following the company's Q4 results. In a research note to investors, Spingarn, who keeps an Outperform rating on the shares, says TransDigm remains one of the best value creators across his entire coverage universe, and this quarter's strong results, the favorable commercial aftermarket outlook and commentary, further accretion delivery from legacy ESL, and the ballooning cash balance all speak to continued robust shareholder returns in FY20.
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