Triumph Group downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded Triumph Group to Underperform from Neutral. The firm downgraded shares due to valuation and optimistic growth targets. Price target remains $73.
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.