Fly News Breaks for February 5, 2020
Feb 5, 2020 | 07:43 EDT
Credit Suisse analyst Robert Spingarn raised his price target for TransDigm to $693 from $589.13 after the company formally reported Q1 results after releasing preliminary results January 23rd. The analyst reiterates an Outperform rating on the shares after another "solid" quarter buoyed by strong organic growth, "exceptionally high" adjusted EBITDA margins of 46.5%, and an emphasis on returning to capital to shareholders.
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