TransDigm initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of TransDigm (TDG) with an Equal Weight rating and $1,200 price target The firm forecasts TransDigm’s aftermarket continues to lag peers on less relative engine exposure. TransDigm is more heavily weighted to airframe parts as compared to engine relative to its peers on average and has historically generated roughly a third of its growth through acquisitions, the analyst tells investors in a research note.