Goldman Sachs analyst Andrzej Tomczyk lowered the firm’s price target on Trinity Industries (TRN) to $36 from $38 and keeps a Neutral rating on the shares after its Q4 results and below-consensus Q4 operating profit. The firm also notes that the weaker manufacturing environment is an offset to a still-solid fundamental backdrop for pure-play railcar leasing, the analyst tells investors in a research note.
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Read More on TRN:
- Trinity Industries Reports Strong 2024 Financial Results
- Trinity Industries reports Q4 adjusted EPS 39c vs. 82c last year
- Trinity Industries sees 2025 EPS $1.50-$1.80, consensus $1.67
- North American rail traffic down 1.2% for the week ending February 15
- Trinity Industries, Inc. (TRN) Q4 Earnings Cheat Sheet