UPDATE: Canaccord Genuity Initiates Coverage on TransDigm Group on Multiple Positive Factors

In a report published Thursday, Canaccord Genuity analyst Ken Herbert initiated coverage on TransDigm Group (NYSE: TDG) with a Buy rating and $165.00 price target.

In the report, Canaccord Genuity noted, “We are initiating coverage of TransDigm with a BUY rating and a $165 price target. We like TDG for the cash deployment catalysts, acquisitions, and execution capabilities.”

TransDigm Group closed on Wednesday at $137.86.