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Fly News Breaks for July 13, 2016
RAIL
Jul 13, 2016 | 07:20 EDT
As noted earlier, Stifel downgraded FreightCar America to Hold from Buy. The firm thinks that the company is particularly susceptible to a coming industry downturn due to its "significant operating leverage." The firm predicts that the company's results will come in slightly above its guidance in 2016 and 2017 before missing guidance by 17% in 2018.
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