Roth Capital Downgrades TriMas Corp. (TRS) to Neutral

Roth Capital downgraded TriMas Corp. (NASDAQ: TRS) from Buy to Neutral with a price target of $20.00 (from $28.00).

Analyst Matt Koranda commented, "We are downgrading TRS to Neutral from Buy as headwinds facing the company appear more significant than we had anticipated (lower oil and gas pricing, continued FX challenges, and channel inventory destocking). While we can make a compelling case that there is long-term value in TRS shares, we see limited near-term upside until end market headwinds subside and margin improvement initiatives take effect. Resetting PT to $20 vs. prior of $28."

For an analyst ratings summary and ratings history on TriMas Corp. click here. For more ratings news on TriMas Corp. click here.

Shares of TriMas Corp. closed at $18.60 yesterday.

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