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Stock Market & Financial Investment News

News Breaks
July 29, 2014
16:32 EDTTRNTrinity Industries raises 2014 EPS outlook to $3.90-$4.10 from $3.50-$3.75
Consensus $3.76.
News For TRN From The Last 14 Days
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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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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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