UBS Starts American Railcar Industries (ARII) at Neutral

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Earlier, UBS initiated coverage on American Railcar Industries (NASDAQ: ARII) with a Neutral rating.

"We also see ARII as well positioned to benefit from strong tank car demand and expect ARII to deliver higher profitability with less volatility than in previous cycles due to internal improvements and a growing leasing business," analyst Eric Crawford said. "That said, our Neutral reflects a valuation that we believe currently incorporates much of the improvement at ARII."

For an analyst ratings summary and ratings history on American Railcar Industries click here. For more ratings news on American Railcar Industries click here.

Shares of American Railcar Industries closed at $28.24 yesterday, with a 52 week range of $17.14-$33.00.

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