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UPDATE: Stifel Nicolaus Downgrades Trinity Industries to Hold Post Outperformance

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Stifel Nicolaus downgraded Trinity Industries (NYSE: TRN) from Buy to Hold and removed its $40 price target.

Stifel Nicolaus commented, "We are revising our rating primarily due to valuation and the possibility that railcar backlogs could be close to peaking (although, we may be a quarter or two early). Our fair value estimate of $40 (or 10.0x our 2014 EPS estimate of $4.00) no longer provides enough upside to justify a Buy rating."

Trinity Industries closed at $39.56 on Thursday.

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

 

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