UPDATE: Goldman Sachs Initiates Triumph Group with Buy, $73 PT on Solid Growth Drivers

Goldman Sachs initiates its coverage on Triumph Group

with a Buy rating and a price target of $73. Goldman Sachs notes, "In our view, TGI is one of the least understood and appreciated stories in the Aerospace supply chain. But we believe the company has very solid growth drivers (the majority of revenue is derived from Original Equipment; with more wide-body than narrow-body), and also believe TGI is in the middle of a transformational period with relatively new managers integrating the game-changing Vought acquisition and driving what we expect to be greater margin and cash flow improvement than most other companies in Aerospace." TGI closed at $54.54 on Thursday.