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TRN

Trinity Industries

$20.78

-0.15 (-0.72%)

10:17
05/20/19
05/20
10:17
05/20/19
10:17

Trinity Industries announces strategic railcar maintenance network expansion

Trinity Industries announced that its wholly owned subsidiary, TrinityRail Maintenance Services has agreed to purchase land for the construction of a new railcar maintenance services facility in Shell Rock, Iowa. TRMS has selected the 230-acre site for its expansion, which is expected to employ over 250 people following Trinity's planned capital investment of approximately $60M in the Butler County, Iowa, community. Upon completion, the new facility will provide a full range of railcar services, including repairs and maintenance, coatings, cleaning, inspections, and testing. The site's co-location with the Iowa Northern Railroad and optimal access to the Class-1 railroad network, including strategic access to the upper Midwest, were significant factors in Trinity's decision to build a new railcar maintenance facility in Shell Rock. The company anticipates the new facility to be operational by the end of 2020 and to be accretive to consolidated financial results by the end of 2021, including anticipated start-up costs. The development is not expected to impact the company's 2019 earnings per share guidance. Approximately half of the investment for the new facility is expected to be incurred in 2019 and was not included in the company's prior 2019 guidance for capital expenditures.

  • 02

    Jun

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    Nov

TRN Trinity Industries
$20.78

-0.15 (-0.72%)

03/28/19
SPHN
03/28/19
NO CHANGE
Target $24
SPHN
Equal Weight
Trinity valuation 'intriguing,' but lacks near-term catalyst, says Stephens
Stephens analyst Justin Long thinks the valuation of Trinity Industries looks "intriguing" after the stock's recent pullback, but he is concerned that a near-term positive catalyst for the stock could be hard to find given his belief that railcar orders have slowed early in 2019 and this slowing trend is likely to persist all year. Given the industry backdrop, and the broader macro uncertainties, he keeps an Equal Weight rating on Trinity and lowered his price target on the stock to $24 from $26.
03/22/19
BUCK
03/22/19
DOWNGRADE
BUCK
Neutral
Trinity Industries downgraded to Neutral from Buy at Buckingham
03/11/19
03/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JetBlue (JBLU) downgraded to Equal Weight from Overweight at Barclays with analyst Brandon Oglenski lowering his price target for the shares to $20 from $27. 2. Nucor (NUE) downgraded to Neutral from Buy at Longbow with analyst Chris Olin saying his carbon steel market checks indicate muted demand growth for all major products, with negative momentum most apparent for plate, merchant bar and SBQ. 3. Oracle (ORCL) downgraded to Reduce from Buy at Nomura Instinet with analyst Christopher Eberle saying Oracle's buyback program has helped drive the stock to near all-time highs, but the rate of $10B in buybacks per quarter "can't last forever." 4. Greenbrier (GBX) and Trinity Industries (TRN) downgraded to Sector Weight from Overweight at KeyBanc. 5. Zumiez (ZUMZ) downgraded to Hold from Buy at Pivotal Research with analyst Mitch Kummetz saying the stock's risk/reward is no longer compelling after bouncing 40% off the mid-December lows. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/11/19
KEYB
03/11/19
DOWNGRADE
KEYB
Sector Weight
Trinity Industries downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Steve Barger downgraded Trinity Industries (TRN) to Sector Weight from Overweight after attending the annual REF conference, telling investors that he walked away more cautious on the rail equipment space. After attending the event, which he calls the "most informative rail industry event," Barger thinks 2019 will be characterized by fewer orders and backlog contraction, which is historically negative for the group. The analyst also downgraded Greenbrier (GBX) to Sector Weight.

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
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BK

BNY Mellon

$42.95

-0.27 (-0.62%)

13:15
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Options
BNY Mellon put volume heavy and directionally bearish »

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RIO

Rio Tinto

$59.44

-2.745 (-4.41%)

13:06
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Rio Tinto drops over 4% after reporting operational challenges »

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AWK

American Water

$116.95

0.28 (0.24%)

13:03
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California American Water desalination project wins $10M state grant »

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MAT

Mattel

$11.62

-0.435 (-3.61%)

13:02
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MGA calls off Mattel merger talks, says 'too much mess to clean up' »

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TEVA

Teva

$8.30

-0.045 (-0.54%)

13:01
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Teva announces U.S. launch of generic version of Tracleer »

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Z

Zillow

$45.36

-1.1 (-2.37%)

13:00
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13:00
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Options
Zillow put buyer opens new short-term position »

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MAT

Mattel

$11.62

-0.43 (-3.57%)

12:59
06/19/19
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12:59
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12:59
Hot Stocks
Breaking Hot Stocks news story on Mattel »

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CHS

Chico's

$3.24

0.14 (4.52%)

12:56
06/19/19
06/19
12:56
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12:56
Hot Stocks
Sycamore Partners lowers takeover offer to Chico's to $3.00 per share »

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CBAY

CymaBay

$7.00

-0.09 (-1.27%)

12:55
06/19/19
06/19
12:55
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12:55
Options
CymaBay put volume heavy and directionally bearish »

Bearish flow noted in…

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MAT

Mattel

$11.58

-0.47 (-3.90%)

12:55
06/19/19
06/19
12:55
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12:55
Hot Stocks
Breaking Hot Stocks news story on Mattel »

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KKR

KKR

$23.93

0.57 (2.44%)

12:50
06/19/19
06/19
12:50
06/19/19
12:50
Periodicals
KKR close to selling partial stake in $2B helicopter firm, Bloomberg says »

According to Elffie Chew…

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CHS

Chico's

$3.24

0.14 (4.52%)

12:49
06/19/19
06/19
12:49
06/19/19
12:49
Hot Stocks
Chico's erases gains after Bloomberg says Sycamore again lowered bid »

Chico's in midday…

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CHS

Chico's

$3.25

0.145 (4.68%)

12:48
06/19/19
06/19
12:48
06/19/19
12:48
Periodicals
Sycamore Partners lowers bid for Chico's to $3 per share, Bloomberg reports »

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GIS

General Mills

$52.59

0.15 (0.29%)

12:45
06/19/19
06/19
12:45
06/19/19
12:45
Options
General Mills call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

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BIDU

Baidu

$117.13

0.26 (0.22%)

12:41
06/19/19
06/19
12:41
06/19/19
12:41
Periodicals
Baidu says Apollo Lite framework achieves level 4 autonomy, VB reports »

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  • 21

    Jun

KR

Kroger

$23.62

-0.32 (-1.34%)

, DRI

Darden

$116.14

-1.8 (-1.53%)

12:35
06/19/19
06/19
12:35
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12:35
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KR

Kroger

$23.62

-0.32 (-1.34%)

DRI

Darden

$116.14

-1.8 (-1.53%)

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  • 20

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MDR

McDermott

$7.69

0.065 (0.85%)

12:35
06/19/19
06/19
12:35
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12:35
Options
McDermott put volume heavy and directionally bearish »

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12:35
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General news
FOMC forecast preview: »

FOMC forecast preview:…

ORCL

Oracle

$52.80

-0.08 (-0.15%)

12:35
06/19/19
06/19
12:35
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12:35
Earnings
Notable companies reporting after market close »

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  • 19

    Jun

GME

GameStop

$5.65

-0.08 (-1.40%)

, ATVI

Activision Blizzard

$45.02

-0.76 (-1.66%)

12:33
06/19/19
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12:33
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12:33
Hot Stocks
GameStop says new 'Call of Duty' most pre-ordered video game following E3 »

GameStop (GME) said that…

GME

GameStop

$5.65

-0.08 (-1.40%)

ATVI

Activision Blizzard

$45.02

-0.76 (-1.66%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$109.38

-1.61 (-1.45%)

EA

Electronic Arts

$92.38

0.35 (0.38%)

MSFT

Microsoft

$134.54

-0.66 (-0.49%)

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  • 20

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    Nov

INO

Inovio

$2.61

-0.02 (-0.76%)

12:25
06/19/19
06/19
12:25
06/19/19
12:25
Conference/Events
Inovio management to meet with Piper Jaffray »

Meeting to be held in…

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  • 25

    Jun

SHOP

Shopify

$316.25

11.94 (3.92%)

12:25
06/19/19
06/19
12:25
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12:25
Conference/Events
Shopify to host investor day »

Investor day to be held…

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  • 19

    Jun

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    Sep

EVBG

Everbridge

$89.89

1.36 (1.54%)

12:25
06/19/19
06/19
12:25
06/19/19
12:25
Conference/Events
Everbridge to host analyst & investor meeting »

Analyst & Investor…

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  • 19

    Jun

AAXN

Axon

$67.30

1.28 (1.94%)

12:24
06/19/19
06/19
12:24
06/19/19
12:24
Periodicals
Breaking Periodicals news story on Axon »

Axon tells Bloomberg…

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  • 20

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