Triumph Group upgraded at Credit Suisse As previously reported, Credit Suisse upgraded Triumph Group to Outperform from Neutral. The firm upgraded shares based on increased 2015 guidance, impressive free cash flow yield and favorable risk reward. Price target raised to $71 from $68.
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.