J.P. Morgan cuts Triumph Group's PT on cash flow challenges

Triumph

11/09/2024 12:51

** J.P. Morgan cuts aerospace supplier Triumph Group's
 TGI.N  PT to $15 from $17 due to challenges in its free cash
flow
    ** New PT represents a 17% upside to the stock's last close
of $12.82
    ** Brokerage notes TGI among suppliers where de-stocking
pressure appears most prevalent 
    ** Its interiors segment is impacted due to
lower-than-expected build rates at Boeing  BA.N , says brokerage
    ** Adds, co needs better profit margins through the year to
meet its guidance
    ** Average rating of 9 brokerages equivalent to "hold";
median PT is $15.5
    ** Up to Tuesday's close, stock had fallen 22.68% 

 (Reporting by Soumendra Mukherjee)
 ((soumendra.mukherjee@thomsonreuters.com))