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Fly News Breaks for May 11, 2018
TGI
May 11, 2018 | 08:22 EDT
RBC Capital analyst Matt McConnell lowered his price target on Triumph Group to $29 after its below-consensus FY19 outlook, saying the uncertainty around the company's working capital needs led investors to drive the stock price down by 8% after its results. The analyst keeps his Outperform rating, noting that investors are disregarding the company's "solid backlog growth and stronger than expected return to organic growth".
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