Jefferies Assumes Coverage on FreightCar America (RAIL) with a Buy
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Price: $7.84 -1.88%
Rating Summary:
3 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
Rating Summary:
3 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
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Jefferies assumes coverage on FreightCar America (NASDAQ: RAIL) with a Buy rating and $30 price target.
The firm said, "We believe the railcar industry is in a multi-year upcycle, and that RAIL's valuation on peak-cycle earnings power suggests further upside in the stock."
They see $4.00-$4.50 of peak cycle earnings power.
For more ratings news on FreightCar America click here and for the rating history of FreightCar America click here.
Shares of FreightCar America closed at $25.06 yesterday.
The firm said, "We believe the railcar industry is in a multi-year upcycle, and that RAIL's valuation on peak-cycle earnings power suggests further upside in the stock."
They see $4.00-$4.50 of peak cycle earnings power.
For more ratings news on FreightCar America click here and for the rating history of FreightCar America click here.
Shares of FreightCar America closed at $25.06 yesterday.
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