UPDATE: Jefferies Ups PT to $21 on TriMas
Jefferies raises its price target to $21 from $18 on Hold-rated TriMas (NASDAQ: 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.