Morgan Stanley Expects TRW Automotive to Turn the Secular Corner
In a report published Wednesday, Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating and $87.00 price target on TRW Automotive (NYSE: TRW).
In the report, Morgan Stanley noted, “The secular power of the TRW story is likely to start shining in 2014 as the company shifts from investment mode to growth mode. Quality of earnings looks much stronger with a $1 bn backlog + core growth offsetting a decline in non-core business and margins look set to improve as well.”
TRW Automotive Holdings Corp. closed on Tuesday at $81.61.
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