Goldman Sachs initiated coverage of Trinity Industries (TRN) with a Neutral rating and $39 price target The firm says that while Trinity’s fleet is diversified across railcar types and customers with recently solid lease rate growth and expectations for continued solid pricing and secondary market activity, it is more cautious on the company’s near-term manufacturing delivery environment with a 13% projected delivery decline in 2025.
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Read More on TRN:
- North American rail traffic down 0.8% for the week ending November 9
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