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Fly News Breaks for November 6, 2018
TRN, ACA
Nov 6, 2018 | 08:39 EDT
Gabelli analyst Justin Bergner initiated Arcosa (ACA) with a Buy rating following the company's spin off from Trinity Industries (TRN) on November 1. He likes Arcosa management and sees numerous sources of upside across the business, notably barges, Bergner tells investors. He set a 2020 private market value of $50 on Arcosa shares.