© Reuters. Susquehanna turns positive on Trinity Industries
- Susquehanna upgrades Trinity Industries (TRN +1.2%) to a Positive rating after having the railcar and barge manufacturer set at Neutral.
- “We see at least 2.5-to-1 upside/downside in TRN shares, as the probability of deploying up to ~$2.4B in untapped liquidity rises (~$680M legal overhang effectively gone) and washed out 2018 expectations move higher over the next several quarters,” reasons analyst Bascome Majors.
- The firm’s price target of $40 reps 21% upside potental for shares.
- Now read: CSX (NASDAQ:CSX): Rail Tycoon Gone Bad