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Fly News Breaks for February 19, 2016
TRN
Feb 19, 2016 | 07:12 EDT
BB&T analyst Thomas Albrecht downgraded Trinity Industries two notches to Underweight from Buy. The analyst expected a decline in Trinity's earnings outlook but not 2016 guidance in the range of $2.00-$2.40. Albrecht estimates tangible book value at $19.35 could attract some value investors, but outside of an oil rally, does no see any catalysts to change the earnings outlook.
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