As previously reported, TD Cowen downgraded Triumph Group (TGI) to Hold from Buy with a price target of $14, down from $19.50, citing moderated cash flow due to pared Boeing (BA) 737 and 787 ramp plans and expected lower military results. The firm, which also cites divestiture “overhangs,” believes the stock looks fairly priced at current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGI: