Soleil Securities Maintains a 'Buy' on TRW Automotive (TRW); Raises PT & Estimates
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Soleil Securities maintains a 'Buy' on TRW Automotive (NYSE: TRW), raises price target from $22 to $30.
Soleil analyst says, "Regulated active and passive safety-related products (air bags, seat belts, steering and brakes) account for about 60% of revenue. The regulatory environment is likely to become more stringent over the next few years and TRW is a global leader. Better than expected cost performance has allowed TRW to remain profitable and generate positive cash sooner than expected, despite the continuation of depressed industry totals. We have increased our target price to $30 per share up from $22 per share to reflect higher earnings assumptions but have used valuation multiples at the low end of the historical range."
To see more analyst ratings on TRW Click Here.
TRW Automotive Holdings Corp., together with its subsidiaries, designs, manufactures, and sells automotive systems, modules, and components for automotive original equipment manufacturers and related after-markets.
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