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UPDATE: Jefferies Raises PT to $29 on TriMas on Opportunities

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Jefferies reiterated its Hold rating on TriMas (NASDAQ: TRS) but increased its price target from $27 to $29.

Jefferies noted, "We sponsored investor meetings w/CFO Mark Zeffiro and are more optimistic TRS can continue to leverage its diversified portfolio, generate productivity and tactically spend on growth initiatives to drive double-digit earnings growth. … At any one time, there are 200 growth programs at work across the enterprise. We walked away with a more positive view of sales opportunities in the faster-growth ops Specialty Packaging, Energy and Aerospace. We sensed there are a number of acquisitions being pursued alongside these BUs. Cequent, the largest operation but with the slowest growth potential, in our view, is highly focused on margins/cash generation, the latter for funding M&A in the other ops."

TriMas closed at $26.32 on Friday.

Latest Ratings for TRS

Jul 2016JefferiesMaintainsHold
Feb 2016JefferiesMaintainsHold
Aug 2015Global HunterDowngradesBuy

View More Analyst Ratings for TRS
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