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