Triumph Group Gets A Double Downgrade On Looming Production Uncertainty
TGITriumph (TGI) Benzinga·2024-09-24 23:54

Triumph Group Inc TGI received a downgrade last month from a Truist Securities analyst. While the company's transformation efforts have resulted in a "leaner, more focused portfolio," this is being overshadowed by the "uncertain aircraft production rates" of Boeing Co BA and Airbus SE EADSY, according to BofA Securities. Analyst Ronald Epstein downgraded the rating for Triumph Group from Buy to Underperform, while reducing the price target from $17 to $12. The Triumph Group Thesis: The Installations segment ...