UPDATE: Canaccord Genuity Initiates Coverage on Triumph Group on Limited Upside, Additional Risk

In a report published Thursday, Canaccord Genuity analyst Ken Herbert initiated coverage on Triumph Group TGI with a Hold rating and $77.00 price target. In the report, Canaccord Genuity noted, “We are initiating coverage of Triumph Group (TGI) with a HOLD rating and a $77 price target. We believe TGI is facing increased revenue and EPS pressure as programs mature (C-17, 747-8) and is increasingly reliant on acquisitions to hit 2016 goals, which brings additional risk, in our view.” Triumph Group closed on Wednesday at $69.22.