Jefferies Starts Triumph Group (TGI) at Buy

Jefferies initiates coverage on Triumph Group (NYSE: TGI) with a Buy rating and a price target of $79.00.

Analyst Sheila Kahyaoglu comments, "We believe shares will re-rate as TGI improves ROIC, strategically deploys capital, and successfully expand its Systems biz. Most importantly, TGI will have cash resources available, providing optionality. We estimate TGI can generate $1.1BB in cash over the next 3 years which equates to >$20 per share in FY17."

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 $62.03 yesterday.

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