Triumph Group downgraded at RBC Capital As noted earlier, RBC Capital downgraded Triumph Group to Sector Perform from Outperform. The firm sees better risk/reward in other aerospace stocks, as it believes that the company is still facing some risks related to the 747 plane. Target to $71 from $77.
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.