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Fly News Breaks for March 11, 2019
TRN, GBX
Mar 11, 2019 | 07:27 EDT
KeyBanc analyst Steve Barger downgraded Greenbrier (GBX) to Sector Weight from Overweight after attending the annual REF conference, telling investors that he walked away more cautious on the rail equipment space. After attending the event, which he calls the "most informative rail industry event," Barger thinks 2019 will be characterized by fewer orders and backlog contraction, which is historically negative for the group. The analyst also downgraded Trinity Industries (TRN).