Credit Suisse Sees Positive Takeaways From Air Show For Triumph Group

Dwight Einhorn
July 15, 2014

In a report published Tuesday, Credit Suisse analyst Julie Yates reiterated an Outperform rating and $88.00 price target on Triumph Group (NYSE: TGI).

In the report, Credit Suisse noted, “Earlier today at the Farnborough Air Show, Airbus announced it will re-engine its A330 platform for entry-into-service Q4 2017. Among suppliers that we cover this announcement is most beneficial for TGI, since A330 is its 5th largest program in the Aerostructures segment. While incremental content gains seem unlikely given that modifications will primarily focus on the engine, the neo should re-invigorate what is otherwise a maturing program and extend the sustainability of production rates near 10/mth. In TGI's long-term forecast, it had assumed A330 production would halve by the end of the decade. At the show, we had the opportunity to meet with TGI CFO, Jeff McRae.”

Triumph Group closed on Tuesday at $65.99.

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