RBC Capital Maintains Outperform on TransDigm Gr, Raises Price Target to $1150
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert has reaffirmed an Outperform rating on TransDigm Group Incorporated (NYSE:TDG) and increased the price target from $975 to $1150, signaling confidence in the company's future performance.
November 10, 2023 | 7:30 pm
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POSITIVE IMPACT
TransDigm Group's stock may see a positive short term impact due to RBC Capital's raised price target from $975 to $1150, reflecting analyst confidence.
Analyst ratings and price target adjustments are significant indicators for investors. RBC Capital's decision to maintain an Outperform rating and raise the price target for TDG suggests a strong bullish stance on the company's prospects, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100