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News For TRN From The Last 14 Days
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October 30, 2014
08:33 EDTTRNTrinity Industries poised for strong 2015, says Stifel
After Trinity reported higher than expected EPS, Stifel thinks the company's rising railcar deliveries suggest that it is poised to report strong 2015 results. The firm raised its price target on the name to $45 from $43 and keeps a Buy rating.
08:24 EDTTRNTrinity Industries still has earnings power, says Wells Fargo
After Trinity's stock fell following its Q3 results, Wells Fargo believes the decline was due to the company's conservative comments. However, the firm says that the company has historically been conservative, while its railcar, barge, and wind tower backlogs are at healthy levels. The firm keeps an Outperform rating on the stock.
October 29, 2014
06:32 EDTTRNTrinity Industries ordered to hold mediation talks, NY Times says
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October 28, 2014
18:42 EDTTRNOn The Fly: After Hours Movers
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16:30 EDTTRNTrinity Industries raises FY14 EPS view to $4.08-$4.16 from $3.90-$4.10
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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
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October 24, 2014
16:19 EDTTRNTrinity Industries subsidiary to stop shipments of ET-Plus System
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October 23, 2014
14:07 EDTTRNData shows railcar orders remain strong, says Wells Fargo
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06:39 EDTTRNTwo more states ban Trinity Industries guardrail unit, NY Times says
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October 22, 2014
08:55 EDTTRNTrinity ordered to do additional guardrail safety tests, NYT says
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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
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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
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14:06 EDTTRNTrinity Industries second guardrail trial goes to jury, Bloomberg says
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