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Stock Market & Financial Investment News

News Breaks
June 16, 2014
11:51 EDTGBX, TRNGreenbrier, 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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October 14, 2014
08:32 EDTTRNTrinity Industries valuation attractive opportunity, says KeyBanc
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06:17 EDTGBXGreenbrier conducting investigation into whistleblower claim
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October 10, 2014
07:41 EDTGBX, TRNRail supply names should be bought on recent weakness, says Wells Fargo
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06:46 EDTGBXGreenbrier recent weakness overdone, says BofA/Merrill
BofA/Merrill said recent weakness and concerns for Greenbrier are overdone. The firm sees no threat from regulatory changes and said recent orders are strong. Shares are Buy rated.
October 9, 2014
17:46 EDTGBXGreenbrier urges prompt regulatory action to require safer tank cars
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October 8, 2014
12:20 EDTGBXGreenbrier shares defended at Sterne Agee
October 7, 2014
10:56 EDTTRNOptions with increasing implied volatility
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October 6, 2014
11:09 EDTTRNOptions with increasing implied volatility
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