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Fly News Breaks for April 6, 2017
GBX
Apr 6, 2017 | 08:35 EDT
Pacific Crest raised its fiscal 2018 estimates for Greenbrier "meaningfully" above consensus levels, as it believes that the "shape" of the company's "earnings trough..is becoming more visible and increasingly shallower." The firm believes that the company's deal with Mitsubishi indicates that industry fundamentals should improve. It raised its price target on the stock to $60 from $50 and keeps an Overweight rating on the name.