Wells Fargo Downgrades Greenbrier Companies (GBX) to Underweight

January 14, 2020 6:52 AM EST
Get Alerts GBX Hot Sheet
Price: $42.21 +0.72%

Rating Summary:
    5 Buy, 6 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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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."

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 $27.45 yesterday.

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