|June 16, 2014|
|08:10 EDT||TRN||Trinity 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
|October 1, 2015|
|09:36 EDT||TRN||Railcar sector downgraded to Negative from Mixed at OTR Global|
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|September 23, 2015|
|10:10 EDT||TRN||High option volume stocks|
High option volume stocks: MAC NYCB USL NCLH TRN ZOES
|September 21, 2015|
|12:34 EDT||TRN||Railcar makers decline as Wells Fargo sees limited upside potential |
Railcar makers Greenbrier (GBX) and Trinity Industries (TRN) are sliding after Wells Fargo downgraded both companies to Market Perform from Outperform, saying upside potential of shares may be limited in the coming months. WHAT'S NEW: A slowing U.S. industrial environment may limit freight traffic and new freight car demand, said Wells Fargo analyst Allison Poliniak-Cusik in a note to investors this morning. The analyst also sees ongoing tank car regulation issues, potential pressure on lease rates and subsequent new railcar prices tempering upside potential in shares of Greenbrier and Trinity in coming months. The firm lowered its price target on Trinity to $27-$29 from $38-$40 and cut its price target on Greenbrier to $39-$41 from $63-$65. WHAT'S NOTABLE: Wells Fargo said it debated whether or not it is "late to the party" with these downgrades as shares are already down approximately 50% this year with current multiples suggesting trough levels on what the firm sees as normalized earnings. The firm, however, noted incremental concerns that centered around declining lease rates, anecdotal commentary that capacity is not yet being absorbed, lower general freight traffic and the debate centered on new tank car regulations amid declining oil prices. PRICE ACTION: Shares of Greenbrier are down 7.47% to $34.81 and Trinity shares are lower by 3.21% to $25.64 in midday trading.
|10:00 EDT||TRN||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Sector Perform from Outperform at RBC Capital... Aircastle (AYR) downgraded to Underperform from Buy at BofA/Merrill... Atmel (ATML) downgraded to Hold from Buy at Craig-Hallum... Boston Properties (BXP) downgraded to Neutral from Buy at Mizuho... Buenaventura (BVN) downgraded to Neutral from Outperform at Credit Suisse... CARBO Ceramics (CRR) downgraded to Underperform from Sector Perform at Iberia... Cameron (CAM) downgraded to Sector Perform from Outperform at Iberia... D.R. Horton (DHI) downgraded to Hold from Buy at Deutsche Bank... General Finance Corp (GFN) downgraded on pricing pressures at Oppenheimer... Greenbrier (GBX) downgraded to Market Perform from Outperform at Wells Fargo... HCP (HCP) downgraded to Sell from Neutral at Goldman... Helmerich & Payne (HP) downgraded to Sector Perform from Outperform at Iberia... ImmunoGen (IMGN) downgraded to Underweight on IMGN 853 risk at Morgan Stanley... Janus Capital (JNS) downgraded to Underweight from Equal Weight at Morgan Stanley... Key Energy (KEG) downgraded to Sector Perform from Outperform at Iberia... Melco Crown (MPEL) downgraded to Underperform from Neutral at Macquarie... Olympic Steel (ZEUS) downgraded to Sector Weight from Overweight at KeyBanc... Potash (POT) downgraded to Underperform from Neutral at Macquarie... Precision Castparts (PCP) downgraded following acquisition at RBC Capital... Rocky Brands (RCKY) downgraded to Neutral from Buy at B. Riley... Sirona Dental (SIRO) downgraded to Equal Weight from Overweight at Stephens... Tribune Publishing (TPUB) downgraded to Underperform from Neutral at Macquarie... Trinity Industries (TRN) downgraded on lower growth outlook at Wells Fargo... Waddell & Reed (WDR) downgraded to Underweight from Equal Weight at Morgan Stanley... WisdomTree (WETF) downgraded to Equal Weight from Overweight at Morgan Stanley... ZS Pharma (ZSPH) downgraded to Equal Weight on valuation at Morgan Stanley.
|08:32 EDT||TRN||Trinity Industries downgraded on lower growth outlook at Wells Fargo|
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|06:11 EDT||TRN||Trinity Industries downgraded to Market Perform from Outperform at Wells Fargo|