Here's Why Trinity Industries Inc's Stock Is Surging Today
Shares of Trinity Industries (NYSE: TRN) spiked on Monday morning and were up more than 10% at 10:45 a.m. EDT. Driving the gains was the reversal of a $682.4 million fraud judgment against the company; analysts saw the ruling as a huge positive.
Trinity Industries announced that a U.S. Court of Appeals ruled that it didn't commit fraud and sell defective guardrails to the U.S. government. That ruling reversed a Federal District Court's $682.4 million judgment against the company after the panel found that the federal government consistently reaffirmed that Trinity's ET Plus System met all federal safety performance standards.
Image source: Getty Images.
Source: Fool.com
Trinity Industries Inc. Stock
€28.40
0.000%
Currently there is a rather positive sentiment for Trinity Industries Inc. with 4 Buy predictions and 0 Sell predictions.
With a target price of 29 € there is a slightly positive potential of 2.11% for Trinity Industries Inc. compared to the current price of 28.4 €.
