B of A Securities Downgrades Triumph Group to Underperform, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Ronald Epstein has downgraded Triumph Group (NYSE:TGI) from Buy to Underperform and lowered the price target from $19 to $8.
August 11, 2023 | 2:18 pm
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NEGATIVE IMPACT
Triumph Group's rating has been downgraded from Buy to Underperform by B of A Securities, and its price target has been lowered from $19 to $8.
The downgrade from Buy to Underperform and the significant reduction in price target by B of A Securities is likely to negatively impact Triumph Group's stock in the short term. Investors may lose confidence in the stock, leading to a potential sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100