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Avery Schumer

In An Underwhelming Rail Supply Sector, Trinity Industries Is A Buy, Says Wells Fargo

The rail supply industry is stuck in a "somewhat meh" state, but Trinity Industries Inc TRN 2.29% is an attractive buy, according to Wells Fargo.

The Analyst

Wells Fargo's Allison Poliniak-Cusic upgraded Trinity Industries from Market Perform to Outperform with a price target boosted from $40 to $53.

The Thesis

The rail supply industry isn't showing signs of strong growth, but it also isn't showing signs of weakness, Poliniak-Cusic said in a Thursday note. Source

There is a breakout of the falling channel. More upside is possible.