Market Overview

UPDATE: Stifel Nicolaus Raises PT to $38 on Trinity Industries Following Meeting with Management

Share:
Related TRN
The 'Hateful' Eight: 8 Stocks Institutional Investors Dumped Last Quarter
8 US Industrial Stocks With High Free Cash Flow To Firm: Investment Idea Of The Day
Greenbrier: The Bullish Catalysts For My Favorite Stock For 2015 Are Still In Place (Seeking Alpha)

Stifel Nicolaus reiterated its Buy rating on Trinity Industries (NYSE: TRN) and raised its price target from $36 to $38.

Stifel Nicolaus commented, "The following points represent our thoughts following the meetings. The current lead time for new tank cars is 15-18 months. For grain cars, in contrast, the wait time is only a couple of quarters. Lease rates rising; We believe the company's lease rates are rising with a similar trajectory to railcar lessor GATX, which publishes its internally-generated Lease Price Index. Long leases for crude equipment; Durations on new leases for tank cars used for the transportation of crude oil are currently for 10-years. Additional pipeline capacity is not expected to kill the crude-on-rail story."

Trinity Industries closed at $34.17 on Thursday.

Latest Ratings for TRN

DateFirmActionFromTo
Mar 2015Stephens & Co.DowngradesOverweightEqualweight
Feb 2015Stifel NicolausMaintainsBuy
Nov 2014Longbow ResearchUpgradesNeutralBuy

View More Analyst Ratings for TRN
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (TRN)

Around the Web, We're Loving...