What To Know About Wells Fargo's Downgrade of TransDigm Gr

Wells Fargo downgraded its rating of TransDigm Gr TDG to Equal-Weight with a price target of $660.00, changing its price target from $735.00 to $660.00.

Shares of TransDigm Gr are trading down 4.04% over the last 24 hours, at $610.84 per share.

A move to $660.00 would account for a 8.05% increase from the current share price.

About TransDigm Gr

TransDigm manufactures and services a diverse set of components for commercial and military aircraft. The firm organizes itself in three segments: a power and control segment, an airframe segment, and a small nonaviation segment. It operates as an acquisitive holding company that targets firms with proprietary, sole-source products with substantial aftermarket content. TransDigm regularly employs financial leverage to amplify operating results.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.