UPDATE: Deutsche Bank Initiates Coverage on TriMas Corp. with Buy Rating, $48 PT on Broad Upside, Niche Strength - TriMas (NASDAQ:TRS)

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In a report published Tuesday, Deutsche Bank analyst Karen Lau initiated coverage on

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TriMas Corp.

(NASDAQ: TRS) with a Buy rating and $48.00 price target.In the report, Deutsche Bank noted, “We believe TriMas is well positioned to sustain robust double-digit earnings growth in the coming years, driven by strong organic top-line performance, margin expansion supported by ‘self help' initiatives, and future M&A contribution. After years of turnaround efforts which primarily focused on reducing interest expense and structural costs, we believe the stage is set for the company to grow operating profits at an accelerated pace.”TriMas Corp. closed on Monday at $37.70.