Trinity Industries shares are trading lower after the company reported Q3 deliveries below expectations. Additionally, Stephens & Co maintained an Equal-Weight rating on the stock but lowered its price target from $28 to $27.
Portfolio Pulse from Benzinga Newsdesk
Trinity Industries' Q3 deliveries fell short of expectations, causing its shares to trade lower. Stephens & Co maintained an Equal-Weight rating on the stock but reduced its price target from $28 to $27.
October 04, 2023 | 3:19 pm
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NEGATIVE IMPACT
Trinity Industries' stock is trading lower due to disappointing Q3 deliveries. The price target has been lowered by Stephens & Co, which could further pressure the stock.
Trinity Industries' Q3 deliveries were below expectations, which is a negative signal for investors and can lead to a decrease in the stock price. Additionally, Stephens & Co's decision to lower the price target can further negatively impact the stock as it indicates a less optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100