Pennsylvania-based Triumph designs, manufactures, repairs and supplies spare parts for a wide range of products.
Baird analyst Peter Arment downgraded Triumph Group from Outperform to Neutral and raised the price target from $20 to $26.
Triumph Group has an agreement that will see its acquisition by affiliates of private equity firms Warburg Pincus and Berkshire Partners.
Triumph Group shareholders will receive $26 per share in cash, valuing the company at approximately $2.9 billion. Learn more about TGI stock here.
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