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Fly News Breaks for April 3, 2018
TRS
Apr 3, 2018 | 07:25 EDT
BMO Capital analyst R. Scott Graham initiated TriMas with an Outperform rating and a price target of $33. Graham forecasts an improvement in the company's operations based on the new management's successful record of driving higher margins, return on investment, and cash flows while offsetting the price-cost pressure. The analyst further notes that the company's margin trajectory and earnings runway are not properly valued in the stock, anticipating an 11% PE earnings growth in FY18-19.
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