NEW YORK (TheStreet) -- Shares of Trinity Industries (TRN) are up 0.70% to $43.34 in late trading on Friday after it agreed to acquire the Meyer Steel Structures business of ABB Ltd (ABB) for about $600 million.
Trinity expects the transaction will be accretive to full-year 2014 earnings but cannot provide a range of earnings guidance until the transaction is completed.
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TheStreet Ratings team rates TRINITY INDUSTRIES as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRINITY INDUSTRIES (TRN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."