Sidoti Downgrades Triumph Group (TGI) to Neutral
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Sidoti & Co. downgrades Triumph Group (NYSE: TGI) from Buy to Neutral.
The downgrade follows reports last night that Triumph has agreed to acquire The Mexmil Company, a designer and manufacturer of thermal-acoustic insulation systems for commercial aerospace applications.
Investors are selling shares of Triumph on the news and downgrade today: the stock is currently down 5.6% to $36.06.
Triumph Group, Inc., through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aircraft components.
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