Triumph Group price target raised to $20 from $18 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Triumph Group to $20 from $18 and keeps a Buy rating on the shares after meeting with CFO Jim McCabe at the Farnborough Air Show. The company has divested most of its build to print business, which was higher risk and lower return, the analyst tells investors in a research note. The firm adds that if Triumph’s business is more valuable to someone else, management will consider a sale. The company is working up to build up rotable parts and facilities for repairs that are about to ramp given the 12-year life cycle, says Jefferies.