Information Provided By:
Fly News Breaks for September 16, 2019
ARII, GBX
Sep 16, 2019 | 07:02 EDT
As previously reported, KeyBanc analyst Steve Barger upgraded Greenbrier (GBX) to Overweight from Sector Weight with a $38 price target. The analyst cited the expected accretion from the recent American Railcar (ARII) acquisition, which he thinks could improve expectations for long-term normalized earnings power. Further, Barger believes the Greenbrier/American Railcar combination will position the company as a premium supplier of some car types including some types of tank and covered hopper along with intermodal platforms.