Triumph Group (TGI) PT Raised to $23.25 at Cowen

Cowen analyst Cai Von Rumohr raised the price target on Triumph Group (NYSE: TGI) to $23.25 (from $18.00) while maintaining a Market Perform rating.

The analyst commented, "Mixed Q2 keeps TGI on track to becoming a pure aircraft systems/support play. Given its 22% Net Buy rating, the stock could reset if TGI can drive strong ops gains or attract buyout interest. We're nudging our PT to $23.25, a 15.5x est. CY22 TEV/EBITDA."

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