New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 30, 2014
06:17 EDTGBXGreenbrier sees FY15 EPS $4.25-$4.55, consensus $4.17
Subscribe for More Information
06:15 EDTGBXGreenbrier reports Q3 EPS $1.03, consensus $1.03
Subscribe for More Information
October 29, 2014
06:32 EDTTRNTrinity Industries ordered to hold mediation talks, NY Times says
Subscribe for More Information
October 28, 2014
18:42 EDTTRNOn The Fly: After Hours Movers
Subscribe for More Information
16:30 EDTTRNTrinity Industries raises FY14 EPS view to $4.08-$4.16 from $3.90-$4.10
Subscribe for More Information
16:28 EDTTRNTrinity Industries sees Q4 EPS 75c-83c, consensus 87c
EPS viewincludes the impact from the Meyer acquisition.
16:27 EDTTRNTrinity Industries reports Q3 EPS 90c, consensus 85c
Reports Q3 revenue $1.56B, consensus $1.50B.
10:12 EDTTRNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Buffalo Wild Wings (BWLD) upgraded to Outperform at RW Baird... CPFL Energia (CPL) upgraded to Buy from Neutral at UBS... Core Laboratories (CLB) upgraded to Overweight from Equal Weight at Morgan Stanley... Dril-Quip (DRQ) upgraded at Morgan Stanley... DryShips (DRYS) upgraded to Outperform from Underperform at Imperial Capital... FireEye (FEYE) upgraded to Positive from Mixed at OTR Global... GOL Linhas (GOL) upgraded to Outperform from Market Perform at Raymond James... Madison Square Garden (MSG) upgraded to Buy from Hold at ISI Group... Nobel Biocare (NBHGY) upgraded to Neutral from Underweight at JPMorgan... STMicroelectronics (STM) upgraded to Neutral from Sell at Citigroup... Trinity Industries (TRN) upgraded to Positive from Neutral at Susquehanna... Twitter (TWTR) upgraded to Hold from Sell at Pivotal Research... Wal-Mart de Mexico (WMMVY) upgraded to Overweight from Equal Weight at Barclays... Wright Medical (WMGI) upgraded at RBC Capital... XL Group (XL) upgraded to Hold from Sell at Deutsche Bank.
06:35 EDTTRNTrinity Industries upgraded to Positive from Neutral at Susquehanna
Subscribe for More Information
October 24, 2014
16:19 EDTTRNTrinity Industries subsidiary to stop shipments of ET-Plus System
Subscribe for More Information
October 23, 2014
14:07 EDTTRN, GBXData shows railcar orders remain strong, says Wells Fargo
Subscribe for More Information
06:39 EDTTRNTwo more states ban Trinity Industries guardrail unit, NY Times says
Subscribe for More Information
October 22, 2014
08:55 EDTTRNTrinity ordered to do additional guardrail safety tests, NYT says
Subscribe for More Information
October 21, 2014
07:46 EDTTRNTrinity Industries price target lowered to $55 from $60 at UBS
UBS lowered its price target on Trinity Industries to $55 from $60 following a jury verdict awarding $175M in damages and the potential for the award of treble damages under the False Claims Act. The firm expects Trinity to appeal the decision and believes the shares have already priced in headline risk. UBS is maintaining its Buy rating on Trinity, as the firm believes the company is best positioned to benefit from rising railcar orders.
05:56 EDTTRNStocks with implied volatility movement; EWZ TRN
Subscribe for More Information
October 20, 2014
16:09 EDTTRNTrinity Industries provides statement on jury verdict
A jury in the U.S. District Court for the Eastern District of Texas returned a verdict against Trinity Industries in a False Claims Act case. The jury awarded $175M in damages. The company respects the jury's decision. However, Trinity believes the decision cannot and will not withstand legal scrutiny. The company strongly believes the courts will affirm its position.
15:56 EDTTRNJury finds Trinity defrauded government over guardrails, Bloomberg reports
A jury ruled Trinity Industries defrauded the government out of $175M by making cost cuts to its highway guardrail system and making the system more dangerous in the process, as alleged by a whistleblower, reported Bloomberg. Total liability may reach as much as $1B, as the damages to be awarded against the company will be tripled and added to a penalty to be determined by the judge, the report noted. Shares of Trinity are down over 10% to $32.39 in late afternoon trading following the ruling. Reference Link
15:25 EDTTRNTrinity Industries falls 9% following report of trial loss
15:25 EDTTRNTrinity Industries loses lawsuit over guardrails, Bloomberg reports
Subscribe for More Information
14:06 EDTTRNTrinity Industries second guardrail trial goes to jury, Bloomberg says
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use