JP Morgan Downgrades Triumph Group to Underweight, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has downgraded Triumph Group (NYSE:TGI) from Neutral to Underweight and reduced the price target from $15 to $12.

October 14, 2024 | 12:50 pm
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NEGATIVE IMPACT
JP Morgan has downgraded Triumph Group from Neutral to Underweight, reducing the price target from $15 to $12, indicating a negative outlook.
The downgrade from Neutral to Underweight by a major financial institution like JP Morgan suggests a negative outlook for Triumph Group. The reduction in the price target from $15 to $12 further indicates a lack of confidence in the company's short-term performance, likely leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100