UBS Maintains a 'Buy' on Triumph Group (TGI); Higher EPS Growth From Here
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Price: $12.94 --0%
Rating Summary:
14 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Rating Summary:
14 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
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UBS maintains a 'Buy' on Triumph Group (NYSE: TGI) price target raised from $57 to $65.
UBS analyst says, "TGI has outperformed its peer group and its discount has narrowed, but we see further upside on strong relative EPS growth and are raising our price target to $65. We see EPS growth from here being driven by a combination of higher production rates along with Vought synergies and deleveraging."
"Potential upside to guidance: Overall, if production rates hold, we think there could be as much as $1.00 upside to TGI's FY15 EPS guidance at $6.50. We have raised our EPS estimates by roughly 10% to reflect further operational upside and deleveraging, although we continue to see production rate risk beyond 2013." (FY13 from $5.20 to $5.30)
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 $57.84 yesterday.
UBS analyst says, "TGI has outperformed its peer group and its discount has narrowed, but we see further upside on strong relative EPS growth and are raising our price target to $65. We see EPS growth from here being driven by a combination of higher production rates along with Vought synergies and deleveraging."
"Potential upside to guidance: Overall, if production rates hold, we think there could be as much as $1.00 upside to TGI's FY15 EPS guidance at $6.50. We have raised our EPS estimates by roughly 10% to reflect further operational upside and deleveraging, although we continue to see production rate risk beyond 2013." (FY13 from $5.20 to $5.30)
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 $57.84 yesterday.
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