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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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February 24, 2015
10:08 EDTTRNOptions with decreasing implied volatility
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February 19, 2015
11:20 EDTTRNTrinity Industries says continues to benefit from railcar demand
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11:11 EDTTRNTrinity Industries 'feels comfortable' that guard rail product is in compliance
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February 18, 2015
18:55 EDTTRNOn The Fly: After Hours Movers
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16:18 EDTTRNTrinity Industries sees Q1 EPS to be below last year's level
Trinity Industries said: "As a reminder, first quarter 2014 results included 72c per common diluted share of earnings related to sales of new and existing leased railcars to Element. As a result, we do expect first quarter 2015 earnings per common diluted share to be below last year's level."
16:17 EDTTRNTrinity Industries sees FY15 EPS $4.00-$4.40, consensus $4.28
The company expects the level of quarterly earnings per share in 2015 to be relatively consistent throughout the year.
16:16 EDTTRNTrinity Industries reports Q4 EPS 86c, consensus 83c
Reports Q4 revenue $1.66B, consensus $1.62B.
15:35 EDTTRNNotable companies reporting after market close
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February 17, 2015
18:02 EDTTRN, GBXDerailed train that exploded in West Virginia had modern tanker cars, WSJ says
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