UPDATE: Barrington Upgraded TriMas on Optimistic Growth Outlook

In a report published Monday, Barrington Research analyst Rudolf A. Hokanson raised TriMas Corp. TRS from Market Perform to Outperform and initiated a price target of $40. In the report, Barrington cited that, “Proprietary, highly engineered products support growth across all segments with considerable leverage as respective markets experience growth… Common operating processes provide opportunities for improved productivity with strong cash flow generation… Global expansion is permitting increased cross selling and lower manufacturing costs.” TriMas closed Friday at $33.10. The stock opened Monday at $33.76.