Triumph Group (NYSE:TGI) Still Weighed Down by Eaton (NYSE:ETN) Case

Even though the case against Triumph Group (NYSE:TGI) by Eaton (NYSE:ETN) was dismissed, they still face a criminal case, although Eaton has appealed the ruling in the first case.

Wedbush says, "While Eaton has already appealed the ruling to the Mississippi Supreme Court, it will be at least another 12-18 months before it is determined whether the Mississippi Supreme Court will even take up the case...Note that there is still a criminal case pending...We are not adjusting our estimates at this time."

Wedbush maintains an "Outperform" on Triumph Group, which closed Friday at $89.41, down 0.28, or 0.31 percent. Wedbush has a price target of $98 on them.