BUZZ-PREVIEW: TransDigm seen reporting higher rev in results early Wednesday

Reuters11-12
BUZZ-PREVIEW: <a href="https://laohu8.com/S/TDG">TransDigm</a> seen reporting higher rev in results early Wednesday

** Shares of Transdigm Group TDG.N were up 0.3% on Tues, with the aircraft component maker seen reporting a yr-over-yr increase in rev and EPS when it releases qtrly results before the bell on Wed

** Analysts expect Q4 rev of $2.4 bln vs $2.2 bln a yr ago and adj EPS of $10.04 vs $9.83 a yr ago, according to LSEG

** In October, both JPMorgan and Morgan Stanley cut their PTs on the stock, with Morgan Stanley noting higher debt concerns

** The median 12-mo PT on the stock is $1,565; TDG was last at $1,292.64

** On October 1, TransDigm said Kevin Stein will retire as CEO and be succeeded by Mike Lisman, the current co-COO

** Analyst recommendations on the stock include 17 "strong buy" or "buy" ratings and five "hold" ratings

** For the YTD, TransDigm shares are up ~9%, compared with a ~22% gain in the Nasdaq .IXIC

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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