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Fly News Breaks for April 6, 2017
GBX
Apr 6, 2017 | 08:01 EDT
As previously reported, BofA/Merrill upgraded Greenbrier to Buy from Neutral and raised its price target to $57 from $49. Following the Q2 beat and guidance, analyst Ken Hoexter raised estimates saying improving rail volumes may indicate a potential turning point in railcar demand and international investments continue to make progress while getting little credit in share valuation. Hoexter also told investors the multi-year agreement with Mitsubishi UFJ Lease & Finance supports ongoing deliveries and a more optimistic outlook for Greenbrier.
News For GBX From the Last 2 Days
