Trinity Industries upgraded to Buy from Neutral at UBS UBS upgraded Trinity Industries to Buy based on railcar momentum driven by energy and replacement demand. The analyst believes Trinity is the best positioned OEM to deliver better than expected earnings, production increases and raise guidance. Price target raised to $51 from $41.
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."