Jefferies Raises Price Target On TRW Automotive (TRW), Cuts Estimates

Jefferies boosted its price target on Buy-rated TRW Automotive Holdings (NYSE: TRW) from $55 to $57 following Q4 results, but cut estimates.

The firm comments, "TRW shares rallied 14% on a solidly upside 4Q report. Our sense is that the market embraced (1) TRW's improved margin outlook for 2H:12; (2) comments on the call that management is receptive to modestly levering up and pursing “shareholder friendly actions” in 2H:12 or 1H:13; (3) improved jobs data that arguably supports continued strength in the auto SAAR. We see another 20% upside to our year-end price target."

Q1 EPS was cut from $1.86 to $1.62, FY12 cut from $7.09 to $6.08 and FY13 was maintained at $6.41.

For an analyst ratings summary and ratings history on TRW Automotive Holdings click here. For more ratings news on TRW Automotive Holdings click here.

Shares of TRW Automotive Holdings closed at $47.43 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
• Indigo Paints (INDIGOPN:IN) PT Raised to INR1,300 at ICICI Securities