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Fly News Breaks for June 29, 2017
TRN
Jun 29, 2017 | 08:20 EDT
After looking back the past four U.S. rail industry down cycles, Axiom analyst Gordon L. Johnson II concluded that margins for both the rail industry in general and for Trinity Industries specifically have risk to "disappoint, potentially in a material way." As Trinity's 2017 and 2018 margins edge lower, he expects EBITDA forecasts to come under pressure and weigh "heavily" on the stock, he tells investors. The analyst keeps a Sell rating and $11 price target on Trinity Industries shares.
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