Market Overview

UPDATE: Sterne Agee Downgrades The Greenbrier Companies to Neutral, Lowers PT

Related GBX
Greenbrier Announces Order from Saudi Railway Company for 1,200 Railcars
5 Small Caps That Could Get Bulldozed By Caterpillar Inc. (NYSE: CAT)

In a report published Friday, Sterne Agee Group downgraded its rating on The Greenbrier Companies (NYSE: GBX) from Buy to Neutral, and lowered its price target from $29.00 to $16.00.

Sterne Agee noted, “We are downgrading GBX to Neutral from Buy due to a disappointing outlook for F'13 EPS driven by weak demand for Intermodal and Grain railcars. We believe that backlog could be flat for several quarters until non-tank railcar demand recovers. In addition, we believe increased macro concerns increase the risk that non-tank car demand could weaken further. We are lowering our F'13/F'14 EPS and lower our PT from $29 to $16.”

The Greenbrier Companies closed on Thursday at $14.49.

Latest Ratings for GBX

Sep 2015Wells FargoDowngradesOutperformMarket Perform
Jul 2015Stephens & Co.Initiates Coverage onOverweight
Jun 2015Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for GBX
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Downgrades Analyst Ratings


Related Articles (GBX)

Get Benzinga's Newsletters