Market Overview

UPDATE: Stifel Nicolaus Initiates Greenbrier Companies with Buy, $21 PT; Fundamentals Undervalued

Related GBX
UPDATE: Sterne Agee Reiterates On Greenbrier Companies On Higher Backlog/Solid Margin Upside
UPDATE: D.A. Davidson & Co. Reiterates On The Greenbrier Companies As Q3 Margins Are Well Above Expectations
Unorthodox Metrics Show the Economy is Chugging Along (Fox Business)
Related GBX
UPDATE: Sterne Agee Reiterates On Greenbrier Companies On Higher Backlog/Solid Margin Upside
UPDATE: D.A. Davidson & Co. Reiterates On The Greenbrier Companies As Q3 Margins Are Well Above Expectations
Unorthodox Metrics Show the Economy is Chugging Along (Fox Business)

Stifel Nicolaus initiated its rating on Greenbrier Companies (NYSE: GBX) with a Buy rating and a price target of $21 a share.

Stifel Nicolaus noted, "We are establishing a 12-month target price of $21, or 7.0x our fiscal 2014 EPS estimate of $2.95. We believe this target price provides more than enough upside potential over the coming 12 months to warrant a Buy rating. We believe the discount in P/E multiples that currently exists between the company's valuation and its peer group, as well as the recent steep pullback in the share price, are both larger than what is warranted by the company's fundamentals."

Greenbrier Companies closed at $14.69 on Wednesday.

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

Most Popular

Related Articles (GBX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free