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Stock Market & Financial Investment News

News Breaks
June 16, 2014
11:51 EDTTRN, GBXGreenbrier, Trinity advance after KeyBanc hikes price targets
Shares of railcar makers Greenbrier (GBX) and Trinity Industries (TRN) are climbing after KeyBanc increased its price targets on the names in a note to investors earlier today. WHAT'S NEW: After analyzing data from the railcar industry, KeyBanc is more confident that U.S. railcar sales will rise further. As a result, the firm believes that analysts' consensus estimates for both companies are set to increase. Among the factors foreshadowing strong railcar sales are decreased train speed, increased loadings of railcars, and a reduction in the number of railcars in storage, KeyBanc believes. Additionally, new regulations are likely to drive increased orders going forward, the firm predicted. It raised its price target on Greenbrier to $64 from $56 and on Trinity to $105 from $90. It reiterated Buy ratings on both names. PRICE ACTION: In late morning trading, Greenbrier climbed 1.5% to $57.80 and Trinity advanced 2% to $83.
News For GBX;TRN From The Last 14 Days
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July 2, 2015
09:22 EDTGBXGreenbrier price target lowered to $65 from $75 at Stephens
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09:10 EDTGBXGreenbrier initiated with an Overweight at Stephens
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July 1, 2015
09:28 EDTGBXOn The Fly: Pre-market Movers
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06:05 EDTGBXGreenbrier narrows FY15 EPS view to $5.70-$5.85, consensus $5.92
Backs FY15 revenue guidance of $2.6B-$2.7B, consensus $2.64B. Backs FY15 deliveries guidance of approximately 21,500.
06:03 EDTGBXGreenbrier reports Q3 EPS $1.33 with items, consensus $1.63
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June 30, 2015
15:26 EDTGBXNotable companies reporting before tomorrow's open
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14:47 EDTGBXGreenbrier July volatility elevated into Q3 and outlook
Greenbrier July call option implied volatility is 55, August is at 47, September is at 44; compared to its 52-week range of 29 to 70 into the expected release of Q3 results on July 1.
14:41 EDTGBXGreenbrier technical comments ahead of earnings
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June 25, 2015
12:25 EDTTRN, GBXShares of railcar makers slide after Longbow notes demand, lease rates soften
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09:38 EDTTRN, GBXRailcar demand and lease rates continue to soften, says Longbow
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June 23, 2015
17:09 EDTTRNCourt approves Trinity posting of a supersedeas bond in the amount of $686M
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