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 ESTStifel 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 ESTUPGRADES
Canaccord Genuity upgrades Shopify (NYSE: SHOP) from Hold to Buy.
Axiom Capital Starts Trinity Industries (TRN) at Sell
February 18, 2016 7:14 AM ESTAxiom 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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