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UPDATE: Jefferies Raises PT on Greenbrier Companies Following Headline F3Q Miss, Lowers F2013 Guidance

Related GBX
Earnings Scheduled For October 30, 2015
Greenbrier Announces Order from Saudi Railway Company for 1,200 Railcars

In a report published Wednesday, Jefferies analyst Peter Nesvold reiterated a Hold rating on Greenbrier Companies (NYSE: GBX), and raised the price target from $22.00 to $23.00.

In the report, Jefferies noted, “GBX sold off 6% in a flattish tape following a headline F3Q miss and lowered F2013 guidance. Start-up costs at the company's expanded plant in Mexico accounted for most of the miss. While we had anticipated a solidly upside quarter, in hindsight we broke one of our own rules — never make a quarterly call on the railcar OEMs!”

Greenbrier Companies closed on Tuesday at $22.27.

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: Jefferies Peter NesvoldAnalyst Color Price Target Analyst Ratings


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