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Fly News Breaks for October 31, 2018
GWR
Oct 31, 2018 | 07:56 EDT
Citi analyst Christian Wetherbee last night downgraded Genesee & Wyoming to Neutral from Buy and lowered his price target for the shares to $90 from $95. The analyst says that while North America results were strong in Q3 and comps remain "reasonably favorable," he's getting "a bit more cautious" on the potential volume growth for 2019 given the maturing cycle and potential for tariff impacts to begin to be felt more clearly. As such, he expects "less help from multiple expansion in the current environment."
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