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UPDATE: Imperial Capital Initiates Triumph Group at Outperform on Positive Catalysts

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Imperial Capital initiated its coverage on Triumph Group (NYSE: TGI) with an Outperform rating and a price target of $77.

Imperial Capital noted, "Aerostructures continue to surprise to the upside. Since its acquisition of Vought in 2010, Triumph has enjoyed steady improvement in operating margins, rising to 15.9% in 1Q13 from 11.2% in 2Q11. We see further improvement as the synergy run rate exceeds the $50mn run rate target by June 2013. Margins in the Aftermarket segment have also surprised, as operational improvements and new wins have contributed to the improvement."

Triumph Group closed at $60.45 on Thursday.

Latest Ratings for TGI

DateFirmActionFromTo
Feb 2017Bank of AmericaDowngradesBuyUnderperform
Jan 2017SunTrust Robinson HumphreyInitiates Coverage OnHold
Jan 2017RBC CapitalInitiates Coverage OnOutperform

View More Analyst Ratings for TGI
View the Latest Analyst Ratings

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