UPDATE: Dahlman Rose Raises PT to $79 on Genesee & Wyoming on Equity Offerings

Dahlman Rose reiterated its Buy rating on Genesee & Wyoming

and raised its price target from $74 to $79. Dahlman Rose said, "We are revising our earnings estimates and increasing our price target, as the RA acquisition and related financing have unfolded more quickly and favorably than originally anticipated. … We remain constructive on GWR shares, which, despite the 20% run since the acquisition announcement, are up just 5% YTD, compared to 8% for the rail group, which includes the Eastern carriers, which have been hammered by coal issues." Genesee & Wyoming closed at $66.13 on Monday.