Wolfe Research analyst Myles Walton downgraded Triumph Group (TGI) to Peer Perform from Outperform without a price target after the company reached an agreement to be acquired in an all-cash transaction for $26 per share by private equity firms Warburg Pincus and Berkshire Partners.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGI:
- Triumph Group reports Q3 adjusted EPS 27c, consensus 21c
- Triumph Group downgraded to Equal Weight from Overweight at Barclays
- Palantir upgraded, Nio downgraded: Wall Street’s top analyst calls
- Triumph Group price target raised to $26 from $19 at Truist
- Triumph Group downgraded to Neutral from Outperform at Baird