Baird analyst Peter Arment downgraded Triumph Group to Neutral from Outperform with a price target of $11, down from $20. The analyst cites leverage concerns for the downgrade, noting the company’s maturity wall comes current in June 2023. However, Arment maintains a bullish stance on aerospace stocks for 2023, reflecting the ongoing reopening of the economy globally and continued recovery in air travel.
Published first on TheFly
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