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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in