Deutsche Bank Comments on Genesee & Wyoming
Deutsche Bank provided color on Genesee & Wyoming (NYSE: GWR) following the company's report that December carloads were up 0.60% Y/Y.
In the report, Deutsche Bank writes, "While growth decelerated in December as GWR lapped the tailwind from its FreightLink acquisition, we see solid top- and bottom-line growth potential across its network as new projects ramp along the corridor and GWR benefits from industrial development across its other railroads."
Deutsche Bank has a Buy rating and $72 price target on Genesee & Wyoming. Shares of Genesee & Wyoming are trading at $61.37, down 2.11% from yesterday's close.
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