Triumph Group price target lowered to $22 from $27 at Truist

Truist analyst Michael Ciarmoli lowered the firm’s price target on Triumph Group (TGI) to $22 from $27 but keeps a Buy rating on the shares. The company’s Q4 top and bottom line beat were offset by a miss on EBITDA margins and weak guidance as uncertainty regarding Boeing (BA) build rates drove a conservative outlook for FY25, with free cash flow guidance that was 36% below consensus at the midpoint, the analyst tells investors in a research note. Triumph’s new guidance leaves room for upside once clarity is provided by Boeing and if aftermarket and military end markets remain healthy however, Truist added.