Susquehanna analyst Bascome Majors lowered the firm’s price target on Trinity Industries to $26 from $30 and keeps a Neutral rating on the shares. The analyst said railcar OEMs continue to navigate labor and supplier-driven margin pressures in calendar 2023, with hope that the not-too-hot/not-too-cold rail equipment cycle hangs on so they can deliver the mid-cycle profits they’re capable of in 2024.
Published first on TheFly
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