February 11, 2019 / 3:38 PM / 2 years ago

BUZZ-Triumph Group: BAML double upgrade takes rally into 10th day

** Triumph Group shares rise 3.5 pct, rallying for the 10th straight session

** BofA ML upgrades the aircraft part maker’s shares two-notches to “buy” from “underperform,” thefly.com reports

** BAML says current management is undoing the “cash drag” from prior management acquisitions and there is a visible and achievable pat towards positive free cash flow by FY21 - thefly

** TGI shares soared 26 pct on Jan. 24 after Bombardier said it would buy Triumph’s Global jet wing-making unit

** In the 13 trading days since, TGI has announced the sale of its fabrications business, a contract win and Q3 results among other news

** TGI is now up ~95 pct in 2019, coming off a 58 pct slide in 2018, which was its biggest ever annual drop

** Despite the gains, TGI is still ~32 pct away from its 52-week high hit in March last year (Reporting by Savio D’Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below