Jefferies analyst Sheila Kahyaoglu removed TransDigm (TDG) from the firm’s Franchise Picks list, but remains bullish and highlights the opportunity for shares. TransDigm is in need of an M&A sweetener with its multiple compressing 4% since December 2023, the analyst tells investors in a research note. Jefferies has a Buy rating and $1,490 price target on the shares.
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