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Fly News Breaks for May 11, 2018
TGI
May 11, 2018 | 07:50 EDT
As reported previously, Baird analyst Peter Arment downgraded Triumph Group to Neutral from Outperform. The analyst said his downgrade was to reflect concerns on the free cash flow in 2019 and 2020 despite progress on its turnaround efforts. The analyst noted there needs to be more asset sales to aid cash flows and performance. Arment lowered his price target to $23 from $37 on Triumph Group shares.
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