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UPDATE: DA Davidson Raises PT to $88 on Triumph Group; Q4 Beat, Positive Outlook

DA Davidson raises its price target from $80 to $88 on Triumph Group (NYSE: TGI)

DA Davidson notes, "We are maintaining our BUY rating and raising our target price from $80 to $88 based on the shares trading at 14x our FY14 EPS of $6.30 or ~8x on an EV/EBITDA basis. Triumph Group remains one of our favorite ways to gain leverage to the commercial ramp-up. Margin performance has exceeded expectations and synergies with Vought are progressing better than expected."

TGI closed at $66.36 on Thursday.

Posted-In: DA DavidsonAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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