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 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.