Market Overview

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

Related TRN
Updated Research Report on GATX Corp. - Analyst Blog
Ryder, Decisiv in Maintenance Service Deal - Analyst Blog

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.

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

 

Most Popular

Related Articles (TRN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free