J.P.Morgan upgrades Triumph Group on strength in systems manufacturing, repair unit

Triumph

15/04/2024 15:16

** J.P.Morgan upgrades aerospace firm Triumph Group  TGI.N 
to "neutral" from "underweight" citing co's stronger balance
sheet, systems manufacturing and repairs unit
    ** Raises PT by $4 to $17, sees some risk such as co's
contract on Boeing's  BA.N  737 jets
    ** 8 of 9 brokerages rate the stock "buy" or higher, 1
"hold"; their median PT is $19.75
    ** YTD, TGI down ~16%

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))