Trinity Industries (TRN) Tops Q4 EPS by 21c; Guides Well Below the Street

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Stifel Cuts Trinity (TRN) EPS by >40%

February 22, 2016 9:36 AM EST

Stifel analyst, Michael Baudendistel, cut his estimates dramatically on Trinity Industries (NYSE: TRN) after it cut guidance by more than 40% for 2016. No change to Buy rating because of the valuation but the analyst acknowledges that the fundamentals could deteriorate further.

4Q15 EPS of $1.30 were above the Street consensus of $1.09, but benefited by roughly $0.22 from higher than expected gains on sale of railcars.

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Notable Analyst Rating Changes 2/18: (SHOP) (CVA) (AMZN) Upgraded; (HRL) (GRMN) (LINE) Downgraded

February 18, 2016 10:29 AM EST

UPGRADES
Canaccord Genuity upgrades Shopify (NYSE: SHOP) from Hold to Buy.

Stifel lifts Covanta (NYSE: CVA) from Hold to... More

Axiom Capital Starts Trinity Industries (TRN) at Sell

February 18, 2016 7:14 AM EST

Axiom Capital initiated coverage on Trinity Industries (NYSE: TRN) with a Sell rating and a price target of $10.00.

For an analyst ratings summary and ratings history on Trinity Industries click here. For more ratings news on Trinity Industries click here.

Shares of Trinity Industries closed at $22.04 yesterday.

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