Susquehanna Maintains Positive Rating for Trinity Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Susquehanna has maintained its Positive rating on Trinity Industries (NYSE:TRN) but lowered its price target from $32.00 to $30.00. Trinity Industries' shares are currently trading at $25.43, and a move to $30.00 would represent a 17.97% increase. Trinity Industries, operating under TrinityRail, is involved in the sale and lease of railroad products and railcar maintenance services in North America.
February 23, 2024 | 5:00 pm
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Susquehanna maintains a Positive rating on Trinity Industries but lowers its price target from $32 to $30. The current trading price is $25.43.
The maintenance of a Positive rating by Susquehanna indicates a continued optimistic outlook on Trinity Industries, despite the reduction in the price target. This suggests that the analyst firm still sees potential for growth in TRN's stock price, albeit slightly less than previously estimated. Given the current trading price, the new target represents a significant upside potential, which could positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100