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
Check below for free stories on TRN the last two weeks.
Trinity Industries reports Q2 EPS $1.01, consensus 77c Reports Q2 revenue $1.5BM, consensus $1.35B. The company said, "Consolidated revenues increased 39% year-over-year and net earnings nearly doubled, outpacing revenue growth by a wide margin. The amount of operating leverage we obtained and the record $6.5 billion backlog in our major businesses at the end of the second quarter were impressive."