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.
May 18, 2015
18:03 EDTTRNThe Federal Highway Administration updates highway guardrail review criteria
The Federal Highway Administration, FWHA, posted the following on its website: "In remarks made at the American Association of State Highway and Transportation Officials 2015 Spring Meeting in Cheyenne, Wyoming, on Friday, Federal Highway Administration Acting Administrator Gregory Nadeau announced a series of actions that will apply to the reimbursement eligibility process for states purchasing and installing guardrails, their components and other devices. FHWA is accelerating the transition to the latest crash test criteria for road safety hardware. Specifically, beginning on January 1, 2016, any proposed modification to a roadside safety device will require meeting full-scale crash test criteria outlined under AASHTO’s Manual for Assessing Safety Hardware, even if the device was previously tested and met National Cooperative Highway Research Program Report 350 criteria. “Our goal is to make our roads, bridges and highways as safe as possible, in part by accelerating the move to the newer crash test criteria,” Nadeau said. FHWA is also increasing transparency in its process for determining whether a specific device is eligible for federal reimbursement. In a letter to industry and other stakeholders, FHWA announced that it will require manufacturers and test labs to disclose all financial interests. FHWA has also recently commissioned an independent end-to-end review of the entire roadside safety hardware process from development and testing through field performance." The Fly notes that there is an ongoing probe of the safety of guardrails manufactured by Trinity Industries (TRN). Reference Link

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