Jefferies Cuts PT and Estimates on Greenbrier Companies (GBX); In-line Results, Investors Still Cautious

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Jefferies maintains a 'Hold' on Greenbrier Companies (NYSE: GBX) price target of $19.00 (from $20.00).

Analyst, Peter Nesvold, said, "GBX reported an inline F3Q on light revenues, while margins were a bit better. In the near term, our sense is that the shares will trade more off macro headlines than fundamentals...investors remain unconvinced about future car demand and cautious on execution as we continue to muddle through this choppy, inconsistent freight environment."

Nesvold lowers FY13 EPS estimate from $2.65 to $2.61 and FY14 from $3.05 to $2.90.

For an analyst ratings summary and ratings history on Greenbrier Companies click here. For more ratings news on Greenbrier Companies click here.

Shares of Greenbrier Companies closed at $17.58 yesterday, with a 52 week range of $10.38-$26.66.

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