Skip to main content

Market Overview

UPDATE: Auriga Raises PT to $135 on TransDigm

Share:

Auriga raises its price target to $135 on Buy-rated TransDigm (NYSE: TDG) on revised estimated reflecting traffic and capacity trend strength.

Auriga says, "We are increasing our price target on shares of TDG to $135, from $130, which reflects continued strength in traffic and capacity trends, coupled with the inclusion of the AmSafe acquisition which we expect to be accretive in 2012. Moreover, we view the acquisition favorably as it further broadens TransDigm's product breadth, and positions the company as the top producer of aircraft seatbelts and restraints. Our revised price target reflects an 18.5x multiple of our FY13 estimate of $7.30."

TDG closed at $114.96 a share yesterday.

 

Related Articles (TDG)

View Comments and Join the Discussion!

Posted-In: AurigaAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com