As previously reported, TD Cowen analyst Cai von Rumohr upgraded Triumph Group to Outperform from Market Perform with a price target of $14, up from $10. The firm doesn’t see things getting worse for Triumph and sees “lots of upside if they make it to solid ground,” the analyst tells investors. The firm sees ramping free cash flow over FY24-25 and also cites potential debt reduction initiatives.
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