Trinity Industries upgraded to Positive at Susquehanna on steady railcar cycle

As previously reported, Susquehanna upgraded Trinity Industries to Positive from Neutral with a price target of $32, up from $29. North American railcar production should be relatively steady through 2025, with cyclical fears creating mid-term opportunities in railcar maker shares, the analyst tells investors. Rail equipment shares have underperformed since early August, though the firm believes this share weakness contrasts with better than expected recent fundamentals as the firm believes the fundamental backdrop for North American railcar into 2024-25 is “strengthening, not weakening,” the analyst added.