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UPDATE: Goldman Sachs Raises PT to $61 on TRW Automotive Holdings on Share Buyback

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Goldman Sachs reiterated its Neutral rating on TRW Automotive Holdings (NYSE: TRW) but raised its price target from $54 to $61.

Goldman Sachs commented, "This morning TRW issued a press release and held a conference call to announce the approval of a $1bn share repurchase program which will be effective as of 4Q12 and be implemented over 24 months. ... We are raising our 2012/2013/2014 EPS estimates by a slightly lower 1%/4%/10% as our previous forecasts already had a $300mn buyback incorporated for 2013."

TRW Automotive Holdings closed at $43.71 on Friday.

Latest Ratings for TRW

Oct 2014FBR CapitalMaintainsMarket Perform
Oct 2014FBR CapitalMaintainsMarket Perform
Sep 2014Tigress FinancialDowngradesBuyNeutral

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