UPDATE: Jefferies Reiterates Hold Rating, Raises PT on TriMas Corporation on 4Q12 Strong Sales, Weak Margins

In a report published Wednesday, Jefferies reiterated its Hold rating on TriMas Corporation

, and raised its price target from $29.00 to $33.00. Jefferies noted, “Further to our Initial Take report, we maintain 4Q12 earnings were somewhat disappointing. But the call revealed non-recurring expenses were included in adjusted EPS, so we are more positive than we were with the print. We are increasing our estimates on better sales trends.” TriMas Corporation closed on Tuesday at $28.87.