UPDATE: Jefferies Ups PT to $21 on TriMas

Jefferies raises its price target to $21 from $18 on Hold-rated TriMas TRS on positive sales trend driving 4Q beat and raised 2012 estimates. Jefferies says, "4Q11 EPS ex-items were up 13% and above expectations. We have raised our 2012 forecast and believe the company's fundamentals remain solid. But we reiterate our HOLD rating on valuation." TRS closed at $25.17 a share on Monday.
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Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsJefferies
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