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Fly News Breaks for July 3, 2019
GBX
Jul 3, 2019 | 07:39 EDT
BofA/Merrill analyst Ken Hoexter reiterated his Underperform rating on Greenbrier cutting estimates and lowering his price target to $28 from $34 following the Q3 miss and reduced outlook. The analyst remains concerned about risks to the global economy combined with the reduction in capital spending and the impact of PSR adoption on the rails.