Jefferies analyst Douglas Mavrinac reiterated a Buy rating and $32 price target on Navigator Holdings Ltd. (NYSE: NVGS) after meeting with management.
Mavrinac commented, "Earlier this week, we hosted the management of Navigator Holdings on a marketing trip in which management met with investors to discuss the current environment and outlook for LPG shipping. In short, we continue to believe that Navigator is very well-positioned to benefit from both the current strong operating environment as well as an anticipated strong operating environment over at least the next 12 months."
In a report published Tuesday, Credit Suisse analyst Robert Spingarn reiterated an Outperform rating on Triumph Group Inc TGI 1.86%, but lowered the price target from $89.00 to $79.00.
In the report, Credit Suisse noted, "With this note, Rob Spingarn assumes lead coverage of TGI. We reiterate the firm's prior OP rating as the negative surprises appear largely over and, at a minimum, better understood, and given that the current valuation yields a favorable risk/reward outlook, especially in the context of our updated FY'15-17E forecast of $5.68/$6.02/$6.60 from $5.84/$6.82/$7.55."
The report continued, "We acknowledge continued concerns around 1) a suboptimal portfolio in Aerostructures; 2) remaining execution risk in Aerostructures; and 3) incremental exposure from the Gulfstream deal, but we think these issues are now priced in. With shares trading at just