Barclays Upgrades Triumph Group to Overweight, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has upgraded Triumph Group (NYSE:TGI) from Equal-Weight to Overweight and set a price target of $20.
January 05, 2024 | 1:53 pm
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Triumph Group's stock rating has been upgraded by Barclays from Equal-Weight to Overweight with a new price target of $20.
Analyst upgrades typically lead to positive market sentiment in the short term as they suggest a better-than-previously-expected performance and outlook for the company. The new price target of $20 indicates a bullish view on the stock, which could encourage investors to buy, potentially driving up the stock price.
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