Market Overview

UPDATE: Stifel Nicolaus Initiates Trinity Industries with Buy, $31 PT on; Attractive Entry Point

Share:
Related TRN
Axiom: Stay Away From Mining Stocks
After-Hours Recap: Markets & Oil Fall, Earnings Have Stocks Moving After The Bell
Stay away from mining and mining equipment stocks, Axiom says (Seeking Alpha)

Stifel Nicolaus initiated its rating on Trinity Industries (NYSE: TRN) with a Buy rating and a price target of $31.

Stifel Nicolaus commented, "We consider the most recent trading price to be an attractive entry point as we believe the shares have overcorrected of late in light of full railcar and barge backlogs, rising lease rates and high lease fleet utilization levels, and our macro economic outlook of modest, but positive, growth."

Trinity Industries closed at $21.75 on Wednesday.

Latest Ratings for TRN

DateFirmActionFromTo
Apr 2016Stifel NicolausDowngradesBuyHold
Feb 2016Stifel NicolausMaintainsBuy
Feb 2016BB&T CapitalDowngradesBuyUnderweight

View More Analyst Ratings for TRN
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (TRN)

View Comments and Join the Discussion!