Jefferies "still positive" on TRW in light of buybacks, hikes PT

|About: TRW Automotive Holdings Corp. (TRW)|By:, SA News Editor

TRW Automotive (TRW -0.1%) has fallen more than 3% since it beat expectations in Q3 over worries that it may lose a $700M brake parts contract from GM, but Jefferies is "still positive on the name." The firm hiked its PT to $88 from $83.

Analyst Elaine Kwei counters by observing that the business TRW may lose has lower-than-average margins and thinks coming share buybacks are the dominant factor.