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Fly News Breaks for April 9, 2015
TGI
Apr 9, 2015 | 05:41 EDT
Wells Fargo removed Triumph Group from its Priority Stock List after the stock rallied 8.5% yesterday on news of a CEO change. Wells attributes some of the recent stock appreciation to hope for a breakup or company sale. The firm, however, does not expect such a strategic action from Triumph "anytime soon." It thinks the valuation remains attractive and keeps an Outperform rating on the name.