UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Genesee & Wyoming on Inline Q4 EPS

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on Genesee & Wyoming GWR, and raised its price target from $91.00 to $103.00. Deutsche Bank noted, “Yesterday after the close, GWR reported adjusted Q4 EPS of $0.79, inline with DBe, but a penny below Consensus. Adjusted EPS excludes over $43 million ($0.61/share) of costs related to the RA acquisition which includes integration, acquisition- and financing-related costs, $0.5 million ($0.01/share) of corporate development costs, a $0.6 million ($0.01/share) gain on insurance recoveries, a $0.8 million ($0.01/share) gain on the sale of assets, and $1.1 million ($0.01/share) contract termination expense in Australia. Management issued a strong 2013 outlook amidst core pricing gains, solid carload growth (particularly in Australia), and integration benefits. BUY.” Genesee & Wyoming closed on Tuesday at $84.73.