Deutsche Bank Downgrades Transdigm To Hold On Limited Upside; Keeps $190 PT
In a research report issued today, Deutsche Bank analyst Myles Walton downgraded shares of Transdigm (NYSE:TDG) to a Hold rating from a Buy rating, with a $190 price target, which represents a slight upside in the analyst view.
Walton commented: “Transdigm continues to have one of the best business models we’ve found in commercial aerospace (and likely beyond). However, in the spirit of staying disciplined on valuation and seeing less favorable aftermarket trends ahead and less optionality on the balance sheet than usual we downgrade shares from Buy to Hold on limited upside.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Myles Walton has a total average return of 7.7% and a 51.1% success rate. Walton has a 26.4% average return when recommending TDG, and is ranked #688 out of 3319 analysts.