Jefferies Assumes Coverage on FreightCar America (RAIL) with a Buy
Tweet
Share
E-mailGet Alerts RAIL Hot Sheet
Price: $7.32 -1.21%
Rating Summary:
3 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Vivos Therapeutics posts 35% revenue gain but widens net loss
Create E-mail Alert Related Categories
New CoverageRelated Entities
Jefferies & Co, EarningsSign 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!
