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Stock Market & Financial Investment News

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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.
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August 19, 2014
07:42 EDTTRNTrinity Industries has compelling valuation and catalysts, says KeyBanc
KeyBanc said Buy rated Trinity is well positioned coming out of Q2 earnings given compelling industry catalysts that include freight demand driven by energy end markets, regulatory driven extension of the tank car cycle, additional fleet sales, and capital deployments. The firm views Trinity as its highest quality railcar OEM and raises its price target to $55 from $53.

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