Triumph Group, Inc. (TGI) Maintains Buy Rating And $80 Price Target

Analysts Stephen E. Levenson, Elizabeth Moran and William H. Mullin at Stifel Nicolaus have released an update on Triumph Group (NYSE: TGI).

According to analysts, Triumph’s acquisition of Vought Aircraft Industries makes a lot of sense from a strategic point view as the combination provides the company with the critical mass it needs to win larger, more complex contracts and likely changes capacity utilization upward to drive margins higher. Analysts expect that the deal will result in cost savings of $10 million within 18 months.

Analysts at Stifel Nicolaus have maintained their Buy rating and $80 price target for Triumph Group, Inc.