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Fly News Breaks for June 29, 2018
GATX, TRN
Jun 29, 2018 | 07:12 EDT
Mizuho analyst Kristine Kubacki started Trinity Industries (TRN) with a Buy rating and $42 price target. Improved freight traffic, lower railroad service performance and improving lease rates means the cycle is taking back off, Kubacki tells investors in a research note. Further, the analyst believes Trinity's impending spin-off of Arcosa will yield higher focus and visibility on its rail assets. She believes Trinity's lease portfolio trades at a "meaningful discount" to publicly-traded peer GATX (GATX).
News For TRN;GATX From the Last 2 Days
TRN
Apr 24, 2024 | 13:58 EDT
