Triumph Group price target raised to $19 from $16 at BofA

BofA analyst Ronald Epstein raised the firm’s price target on Triumph Group to $19 from $16 and keeps a Buy rating on the shares. The analyst sees less dilution than expected after the company announced the completion of warrant redemption but notes that leverage is still in the minds of investors. The firm also believes that the looming commercial aerospace recovery and recent liquidity actions will likely help Triumph unlock the benefits from a re-shaped and restructured business.