B of A Securities Downgrades Triumph Group to Underperform, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Triumph Group from Buy to Underperform, reducing the price target from $17 to $12.
September 24, 2024 | 3:15 pm
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NEGATIVE IMPACT
B of A Securities has downgraded Triumph Group from Buy to Underperform, with a new price target of $12, down from $17.
The downgrade from Buy to Underperform by a major analyst like B of A Securities is likely to negatively impact investor sentiment and the stock price in the short term. The significant reduction in the price target from $17 to $12 suggests a bearish outlook on the company's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100