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Cowen Cuts Price Target on Triumph Group (TGI) Following BA's Announced Insourcing of Aerostructures Work.
September 21, 2015 6:58 AM EDTCowen reiterated an Underperform rating on Triumph Group (NYSE: TGI), and cut the price target to $45.00 (from $50.00), following BA's announced insourcing of TGI's 747 aerostructures work. This deal will eliminate further risks on what has been a troubled production program for TGI and will... More
Jefferies Reiterates Buy on Boeing (BA) Following Announced 747 Supply Chain Reconstruction
September 18, 2015 7:51 AM EDTJefferies reiterated a Buy rating and $185.00 price target on Boeing (NYSE: BA) following announced reconstruction of its 747 supply chain. The company is moving the fuselage panel assembly work to its Macon, Georgia, site by 2018. Boeing will equip the site with new tooling and equipment,... More
