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Fly News Breaks for June 21, 2017
Jun 21, 2017 | 09:27 EDT
Buckingham analyst Matthew Brooklier initiated FreightCar America with a Neutral rating to reflect his somewhat mixed outlook on the U.S freight rail marketplace over the next 12 months, citing existing ample supply of railcars, industry backlog, and the lack of a near-term catalyst that would lead to a reacceleration of demand. Brooklier has a $17 price target on FreightCar America shares.
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