TransDigm price target raised to $1,550 from $1,500 at BMO Capital

BMO Capital raised the firm’s price target on TransDigm (TDG) to $1,550 from $1,500 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company’s margin strength comes despite the 200bps acquisition and 50-100bps mix headwinds, the analyst tells investors in a research note. BMO adds it is encouraged by recent acquisitions and sees M&A as a long-term source of value creation even if visibility into timing is limited.