Why These Defense Stocks Are Gaining This Week

3. TransDigm Group Incorporated (NYSE:TDG)

Weekly Gains: 2.31%

TransDigm Group Incorporated (NYSE:TDG) is an aerospace company that manufactures engineered aircraft components for commercial and military aircraft.

With returns of 2.31% since March 24, it is among the defense stocks gaining this week. On March 25, Wells Fargo raised TransDigm Group Incorporated (NYSE:TDG)’s price target from $1,500 to $1,580 per share, while maintaining the Overweight rating for the stock.

The company is also in the news for being among the final bidders for Boeing’s navigation unit. According to a report on Reuters this Friday, TransDigm Group Incorporated (NYSE:TDG) is competing with several private equity firms to buy the Jeppesen unit for more than $8 billion.