Truist raised the firm’s price target on Triumph Group (TGI) to $18 from $12 and keeps a Hold rating on the shares after its Q2 earnings beat and guidance raise. The recent settlement with Boeing (BA), coupled with cost actions and commercial aero aftermarket strength, was the driver of Q2 and the upward revisions to the FY25 outlook, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TGI:
- Triumph Group price target raised to $20 from $14 at TD Cowen
- Triumph Group Reports Strong Q2 and Raises FY25 Outlook
- Triumph Group rises 18.8%
- Triumph Group reports Q2 adjusted EPS 20c, consensus 1c
- Triumph Group raises FY25 adjusted EPS view to 70c-76c from 52c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
