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Fly News Breaks for February 23, 2018
TRN
Feb 23, 2018 | 07:43 EDT
Wells Fargo analyst Allison Poliniak-Cusic believes the thesis behind her recent upgrade of Trinity Industries are intact despite the company's "lackluster" outlook. The analyst highlights a more favorable secondary market for strategics with Trinity a buyer of assets in Q1 as well as increased investment in its Leasing business. She believes the company's "strong" liquidity position will serve as a near-term catalyst. Poliniak-Cusic keeps an Outperform rating on the shares with a $53 price target.