Latest news with #KennethHerbert
Business Insider
3 days ago
- Business
- Business Insider
Transdigm Group (TDG) Receives a Rating Update from a Top Analyst
RBC Capital analyst Kenneth Herbert maintained a Buy rating on Transdigm Group on August 14 and set a price target of $1,550.00. The company's shares closed yesterday at $1,387.88. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and AeroVironment. According to TipRanks, Herbert has an average return of 22.4% and a 70.47% success rate on recommended stocks. In addition to RBC Capital, Transdigm Group also received a Buy from TD Cowen's Gautam Khanna in a report issued on August 14. However, on August 7, J.P. Morgan maintained a Hold rating on Transdigm Group (NYSE: TDG). Based on Transdigm Group's latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $2.15 billion and a net profit of $479 million. In comparison, last year the company earned a revenue of $1.92 billion and had a net profit of $403 million Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDG in relation to earlier this year. Last month, Joel Reiss, the Co-COO of TDG sold 3,000.00 shares for a total of $4,793,566.63.
New York Post
17-07-2025
- New York Post
Cops sue Nassau PD for $100M over alleged policy meant to weed out nonwhite officers
Nassau County police used grooming policies as a tool to sideline minority officers by punishing those with a common skin condition that mostly affects Black men, a new lawsuit claims. Four officers say the department weaponized rules around shaving to sideline those with pseudofolliculitis barbae, a skin condition that causes razor bumps and scarring from shaving, accusing Nassau police of using the policy as a cover for discrimination to sideline minority officers under the guise of grooming standards. 9 Nassau County police used grooming policies as a tool to sideline minority officers by punishing those with a common skin condition that mostly affects Black men, a new lawsuit claims. Aristide Economopoulos 9 Four officers say the department weaponized rules around shaving to sideline those with pseudofolliculitis barbae. Nassau County Police Department 9 Nassau County Police Department headquarters. Nassau County Police Department The officers — Garlinsky Jean, Kenneth Herbert, Alexander Renwart and David Soto — are all now demanding $100 million in damages and asking the court to declare the department's treatment unlawful. 'Nassau County has an obligation to treat African American officers with the same regard they treat other people,' said civil rights attorney Frederick Brewington, who is representing the plaintiffs. 'The fact that they would not accommodate a medical condition that largely impacts African Americans is outrageous.' All four officers — three Black men and one Puerto Rican — were medically exempt from the department's clean-shaven standards due to the condition, which disproportionately affects men with tight curly hair, as up to 60% of Black men suffer from pseudofolliculitis barbae, according to the American Osteopathic College of Dermatology. 9 Attorney Frederick K. Brewington representing the plaintiffs. The Law Offices of Frederick K. Brewington 9 The officers — Garlinsky Jean, Kenneth Herbert, Alexander Renwart and David Soto — are all now demanding $100 million in damages. Gabriella Bass 9 All four officers — three Black men and one Puerto Rican — were medically exempt from the department's clean-shaven standards due to the condition. Nassau County Police Department But instead of accommodating the officer's condition, the lawsuit claims that the department tossed them onto desk duty, stripped them of overtime opportunities, blocked transfers, stumped promotions, and made them recertify their diagnosis every single month with a physician's note — which the suit described as a punishment disguised as policy. The lawsuit argues the department's actions are just the latest example of a deeper, long-standing problem in a county with a history of shutting out Black, Latino, and female applicants from joining the force. In fact, the Department of Justice had to step in back in 198 to force Nassau into a federal consent decree to break up discriminatory hiring practices that kept people of color and women out of uniform. 9 Nassau County Police officers marching in a parade. Aristide Economopoulos 9 Nassau County Executive Bruce Blakeman (in POLICE jacket) and Police Commissioner Patrick Ryder (speaking) announce a huge parade and party to celebrate the 100th year anniversary of the Nassau County Police Department. Dennis A. Clark In 2021, 6,539 Black Long Islanders tried to become police officers between both counties. Only 67 were hired, and both counties disqualified minority applicants at rates higher than those of their white peers, according to county data. The lawsuit was filed in December, but has just become public only days after the U.S. Army announced its scrapping shaving exemptions for the same condition, potentially booting troops who can't stay clean-shaven from the military altogether. The suit claims the department's so-called grooming policy became a backdoor to discrimination, with the treatment allegedly coming from the top. At a 2022 awards ceremony, Police Commissioner Patrick Ryder is accused of publicly mocking Renwart while handing him a Meritorious Police Award. 9 The suit claims the department's so-called grooming policy became a backdoor to discrimination, with the treatment allegedly coming from the top. Nassau County Police Department 'What, did you forget your f*cking razor at home?' Ryder allegedly said, despite Renwart having a medical exemption on file, as he handed the officer his award. Attorneys for the county denied any wrongdoing in court filings, arguing that all actions against the four cops 'were taken in good faith for non-discriminatory and non-retaliatory legitimate business,' and not based on race, national origin, sexuality, or disability. Brewington is now pushing for the lawsuit to be granted class-action status, potentially leading to payouts for any officer reassigned to desk duty due to pseudofolliculitis barbae — arguing the officers' rights were violated under the U.S. Constitution, the Americans with Disabilities Act, and New York State human rights law. A mediation between both sides is scheduled for July 31. Nassau County PD and Commissioner Ryder did not respond to a request for comment.
Business Insider
08-05-2025
- Business
- Business Insider
RBC Capital Keeps Their Buy Rating on Airbus Group SE (EADSF)
RBC Capital analyst Kenneth Herbert maintained a Buy rating on Airbus Group SE (EADSF – Research Report) today and set a price target of €185.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Herbert covers the Industrials sector, focusing on stocks such as Airbus Group SE, VSE, and Boeing. According to TipRanks, Herbert has an average return of 20.2% and a 65.92% success rate on recommended stocks. In addition to RBC Capital, Airbus Group SE also received a Buy from Jefferies's Chloe Lemaire in a report issued today. However, on May 1, UBS maintained a Hold rating on Airbus Group SE (Other OTC: EADSF). EADSF market cap is currently $140.6B and has a P/E ratio of 29.94. Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EADSF in relation to earlier this year.
