Wells Fargo Downgrades Greenbrier Companies (GBX) to Underweight
- Wall Street surges to all-time closing high on earnings, economic revival
- Was Intel's (INTC) Second Quarter a Speedbump or Inflection?
- Twitter (TWTR) Gains After Beating Q2 Estimates, Analysts Raise PTs as Brand Recovery Accelerates
- U.S. dollar on track for second week of gains; Fed meeting in focus
- Snap (SNAP) Surges 17% After Smashing Q2 Views Across the Board to Yield a Dozen Price Target Hikes
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Wells Fargo analyst Allison Poliniak-Cusic downgraded Greenbrier Companies (NYSE: GBX) from Equal Weight to Underweight with a price target of $28.00.
The analyst comments "We rate the shares of GBX Underweight. We are cautious on the long-term prospects of this broad supplier of railcars, refurbishment, parts, and leasing. We view management's efforts over the last cycle to diversify its business model favorably. However, near term, we are increasingly cautious on manufacturing and asset sales, two primary drivers of earnings growth."
Shares of Greenbrier Companies closed at $27.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Downgrades Domino's Pizza (DPZ) to Neutral
- IAMGOLD Corp (IMG:CN) (IAG) PT Raised to Cdn$4.50 at Canaccord Genuity
- Boston Beer (SAM) Crashes 20% on a Big Q2 Miss and Lower Guidance on Truly Softness, Goldman Downgrades to 'Neutral' and Slashes PT by 43%
Create E-mail Alert Related CategoriesAnalyst Comments, Downgrades, Hot Comments, Hot Downgrades
Related EntitiesEarnings, Wells Fargo
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!