Morgan Stanley raised the firm’s price target on TransDigm (TDG) to $1,680 from $1,660 and keeps an Overweight rating on the shares. TransDigm’s recent pullback amid broader investor skepticism towards commercial aftermarket “appears overdone and presents an attractive entry point,” the analyst tells investors. A “strong beat-and-raise quarter” and management commentary suggests the company’s impacts from elevated oil prices have been limited thus far, the analyst added.
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