Fly News Breaks for December 31, 2019
Dec 31, 2019 | 07:19 EDT
BofA analyst Ronald Epstein lowered his price target for TransDigm shares to $637 from $670 as the stock is now trading ex-dividend for the special cash dividend of $32.50 per share of common stock that has a record date of December 30 and payment date of January 7. However, he reiterates his Buy rating on TransDigm shares, citing his positive view of the company's "robust acquisitive history," free cash flow generation, attractive end-markets and track record of return of cash to shareholders.
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