TD Cowen analyst Jack Ayers maintained a Hold rating on Triumph Group (TGI – Research Report) today and set a price target of $26.00.
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Jack Ayers has given his Hold rating due to a combination of factors surrounding the recent acquisition announcement. Triumph Group (TGI) has entered into a definitive agreement to be acquired by private equity firms Warburg Pincus and Berkshire Partners for a total enterprise value of approximately $3 billion, with the transaction expected to finalize in the second half of 2025. The agreed acquisition price of $26 per share in cash represents a significant premium over recent trading prices, suggesting limited upside potential from current levels.
Given these circumstances, Ayers has adjusted the price target to match the acquisition price, indicating that the stock is fairly valued in light of the acquisition terms. The decision to rate TGI as a Hold reflects the understanding that while the acquisition provides a substantial premium, the expected value has already been priced into the stock, thus offering little additional benefit to shareholders in the open market. Therefore, investors are advised to maintain their positions without expecting further appreciation beyond the acquisition price.
Ayers covers the Industrials sector, focusing on stocks such as Embraer SA, Hexcel, and Moog. According to TipRanks, Ayers has an average return of 9.1% and a 100.00% success rate on recommended stocks.
