Loading...
Loading...
In a report published Monday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on
Genesee & Wyoming IncGWR, and raised the price target from $107.00 to $108.00.
In the report, Credit Suisse noted, “While we viewed the Q4 guide as somewhat negative, we think that the bad news was already largely priced in, and investors have already begun to focus on 2015 results. Though detailed guidance will not be provided until the Q4 earnings call, GWR did note that it expects 2015 core pricing gains to trend in line with the Class I rails (which are expecting an acceleration in pricing), and was bullish with respect to growth prospects in its ag products, frac sand, and NGL businesses looking toward next year.”
Genesee & Wyoming closed on Friday at $96.20.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in