UPDATE: Bank of America Color on TransDigm PO Increase

Bank of America, which raised its PO on shares of TransDigm Group (NYSE: TDG), is providing some color on the stock.

“We are raising our GAAP estimate for 2011 to $3 from $2.50 and raising our outyear estimates to $5.10 from $4.25 in 2012, to $5.85 from $5.05 in 2013, to $6.60 from $5.75 in 2014 and to $7.25 from $6.50 in 2015,” Bank of America writes.

“These changes are driven off the higher revenue growth rate assumptions in 2012 (as provided by management), and higher operating margin assumptions as integration of the McKechnie and Talley acquisitions is more successful than we had originally forecast.”

TransDigm closed Monday at $80.51.