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Fly News Breaks for November 2, 2015
GBX
Nov 2, 2015 | 08:29 EDT
Stephens analyst Justin Long noted that Greenbrier reported Q4 results that beat consensus expectations and gave an FY16 EPS outlook that was much better than many feared. The analyst keeps on Overweight rating on the stock, as he believes Greenbrier is well-positioned due to its focus on non-energy related cars, be he also expects recent weakness in railcar orders to persist, leading him to lower his price target on the stock to $50 from $65.
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