Triumph Group shares likely to drop 15%-20% today, says RBC Capital After Triumph Group reported lower than expected EPS and reduced its FY14 guidance, RBC Capital thinks the stock can bottom at $63. The firm keeps an Outperform rating on the shares.
Triumph Group acquires North American Aircraft Services Triumph Group announced the acquisition of North American Aircraft Services. The acquired business will operate as Triumph Aviation Services, NAAS Division and be included in the Aftermarket Services Group. The business is expected to add approximately $35M in annual revenue and to be immediately accretive to earnings.