Chart of the Day - TransDigm Group (TDG)

The "Chart of the Day" is TransDigm Group (TDG), which showed up on Tuesday's Barchart "All Time High" list. TransDigm on Tuesday posted a new all-time high of $105.10 and closed up 2.32%. TrendSpotter has been Long since Jan 23 at $101.11. In recent news on the stock, TransDigm on Jan 21 announced a definitive agreement to purchase AmSafe Global Holdings for about $750 million in cash. Wedbush on Jan 18 downgraded TransDigm to Neutral from Outperform and reduced its target to $98 from $108 due to the analyst's belief of limited upside growth in commercial aftermarket growth in 2012. RBC Capital on Jan 3 downgraded TranDigm to Outperform from a Top Pick with a target of $110 due to the firm's new policy of allowing only one Top Pick per analyst. TransDigm Group, with a market cap of $5 billion, is a leading global supplier of highly engineered components for use on nearly all commercial and military aircraft in service today.