Triumph Group downgraded to Neutral from Buy at Sterne Agee Sterne Agee downgraded Triumph Group based on weak organic growth, poor execution, and little upside from FY16 guidance. Price target lowered to $71 from $85.
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.