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Stock price targets raised for Greenbrier, Trinity Industries at KeyBanc

  • Railcar makers Greenbrier (GBX +2.1%) and Trinity Industries (TRN +2.8%) earn price target increases from KeyBanc; the firm raises GBX's stock target to $64 from $56 and TRN to $105 from $90 (Briefing.com).
  • The firm is increasingly confident that the domestic railcar cycle has gained momentum, and expects analysts' estimates for GBX and TRN to rise going forward; it keeps Buy ratings on both companies.
Comments (2)
  • Larry Rothman
    , contributor
    Comments (14) | Send Message
     
    Fairly obvious raise as the both the macro situation with oil prices rising as a result of world tensions and more micro with both companies having enormous multi year backlogs and increasing demand coupled with both leasing deals and probable legislation that will force railroads to upgrade tank cars and maybe others give $TRN and $GBX a smooth ride for the near term
    16 Jun, 01:59 PM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (354) | Send Message
     
    I like both, but I like ARII, too. I wonder why they got left out? Plus TRN is about to split and increase dividends. So I look for good times for a while.
    16 Jun, 04:28 PM Reply Like
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