Credit Suisse Assumes Triumph Group (TGI) at Outperform

Credit Suisse assumes coverage on Triumph Group (NYSE: TGI) with a Outperform rating and a price target of $89.00 (from $79.00), citing favorable risk/reward.

Analyst R. Spingarn said the negative surprises appear largely over and, at a minimum, better understood, and given that the current valuation yields a favorable risk/reward outlook, especially in the context of the firm's updated FY'15-17E forecast.

FY15-FY15 EPS goes to $5.68/$6.02/$6.60 from $5.84/$6.82/$7.55.

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 $61.33 yesterday.

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