TD Cowen lowered the firm’s price target on Trinity Industries to $30 from $32 and keeps an Outperform rating on the shares. The firm lowered 2024 EPS estimates as improving margins should be offset by lower railcar sales, higher elimination of profit from intercompany railcar sales, and a normalized tax provision.
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Read More on TRN:
- Trinity Industries price target lowered to $30 from $32 at Susquehanna
- Trinity Industries Unveils Updated Financial Structure and Outlook
- North American rail traffic up 3.2% for the week ending February 17
- Is TRN a Buy, Before Earnings?
- North American rail traffic up 3.6% for the week ending February 10
