UBS Maintains a 'Buy' on Triumph Group (TGI); Guiding Above The Street

UBS maintains a 'Buy' on Triumph Group (NYSE: TGI) price target raised from $70 to $74.

Analyst, David E. Strauss, said, "Q4 at $1.57 ex $0.50 pension curtailment gain and $0.03 AIT costs, above our estimate at $1.30 and Street at $1.31...Initial FY13 EPS guidance at $5.45-5.55 on $3.5-3.7B in revenues (3-9% y/y growth) along with mid 14% operating margins. We estimate that guidance implies expectation for roughly 22% incremental margins after adjusting for $2M increase in legal expenses and $16M benefit from higher pension income and lower OPEB expense.

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 $63.41 yesterday.

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