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Fly News Breaks for July 2, 2015
GBX
Jul 2, 2015 | 09:22 EDT
Stephens lowered its price target Greenbrier to $65 from $75 after the company's 3Q earnings miss, which the firm noted was mainly due to railcar deliveries timing. Stephens sees railcar orders for Greenbrier and the industry to slow from 2014's record levels, but maintains its Overweight rating on the stock, citing its recent pullback and opportunity to accretively deploy cash.
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