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Stock Market & Financial Investment News

News Breaks
June 16, 2014
08:10 EDTTRNTrinity Industries price target raised to $105 from $90 at KeyBanc
KeyBanc increased its price target on Trinity as the firm is increasingly confident that the domestic railcar cycle has gained momentum. The firm expects analysts' estimates for the company to rise going forward, It keeps a Buy rating on the shares.
News For TRN From The Last 14 Days
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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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October 14, 2014
08:32 EDTTRNTrinity Industries valuation attractive opportunity, says KeyBanc
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October 10, 2014
07:41 EDTTRNRail supply names should be bought on recent weakness, says Wells Fargo
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October 7, 2014
10:56 EDTTRNOptions with increasing implied volatility
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October 6, 2014
11:09 EDTTRNOptions with increasing implied volatility
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