UPDATE: Sterne Agee Raises Price Target on TRW Automotive Holdings to $62

According to Sterne Agee, TRW Automotive Holdings

price target is raised to $62. Sterne Agee said that TRW reported better than expected financial results for 2011. “Our price target has been increased to $62 per share, up from $53 per share to reflect the better than expected balance sheet improvement in 2011 and stability in some of the key overseas regions.” TRW Automotive Holdings closed yesterday at $47.43.