JPMorgan has upgraded Triumph Group (TGI, Financial) from Underweight to Neutral, adjusting its price target from $17 to $26. The decision follows the announcement of Triumph Group's upcoming acquisition by Warburg Pincus and Berkshire Partners, which influenced the firm's revised outlook.
The upgrade reflects a more optimistic view of Triumph Group's future prospects under the new ownership structure. The acquisition is expected to add valuable resources and strategic insights, potentially enhancing the company's performance and market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Triumph Group Inc (TGI, Financial) is $20.76 with a high estimate of $26.00 and a low estimate of $12.00. The average target implies an downside of 16.63% from the current price of $24.90. More detailed estimate data can be found on the Triumph Group Inc (TGI) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Triumph Group Inc's (TGI, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Triumph Group Inc (TGI, Financial) in one year is $13.76, suggesting a downside of 44.74% from the current price of $24.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Triumph Group Inc (TGI) Summary page.
