Deutsche Bank Downgrades Triumph Group (TGI) to Hold

November 15, 2016 7:04 AM EST
Get Alerts TGI Hot Sheet
Price: $24.60 -4.09%

Rating Summary:
    10 Buy, 8 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade TGI Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Deutsche Bank downgraded Triumph Group (NYSE: TGI) from Buy to Hold. Analyst Myles Walton sees less upside.

"TGI is in the early days of a turn-around, but one that may take time to bear fruit. Downside on legacy Gulfstream production, widebody OEM production and mature military platforms coupled with continued cash flow pressures keep us from staying committed in the near-term as we see just gradual progress into Spring 2017. On a scrubbed down EBITDA, we see valuation at 7.5x on FY18, which isn't too rich but is also not yet accompanied by cash flow in FY17 making us less inclined to bid the multiple up further," said Walton.

For an analyst ratings summary and ratings history on Triumph Group click here. For more ratings news on Triumph Group click here.

Shares of Triumph Group closed at $30.30 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Downgrades

Related Entities

Deutsche Bank

Add Your Comment