Triumph Group reinstated with a Buy at Goldman Sachs

Goldman Sachs reinstated coverage of Triumph Group with a Buy rating and $18 price target. The company should benefit as aerospace new aircraft deliveries ramp up and aerospace aftermarket fundamentals remain strong, the analyst tells investors in a research note. The firm sees scope for margin expansion and says Triumph’s Product Support sale “normalizes a previously challenged balance sheet” and is free cash flow accretive.