TransDigm price target raised to $1,580 from $1,500 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on TransDigm (TDG) to $1,580 from $1,500 and keeps an Overweight rating on the shares. Based on discussions post the firm’s upgrade, Wells thinks investors worry TransDigm’s pipeline of M&A deals could be running out. Its analysis of private company data from the PitchBook database says otherwise.