UPDATE: Credit Suisse Reiterates Outperform Rating, Lowers PT on Genesee & Wyoming, Inc. on Lowered FY15 Estimate

In a report published Thursday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on Genesee & Wyoming, Inc. GWR, but lowered the price target from $113.00 to $108.00. In the report, Credit Suisse noted, "We are lowering our FY15 estimate to $4.73 from $4.99. We are also decreasing our FY16 and FY17 EPS forecasts to $5.70 and $6.39, from $5.86 and $6.56, respectively. Our 12-month target price is $108 (from $113), due to lower base year (2016) EBIT and a higher discount rate." Genesee & Wyoming, Inc. closed on Wednesday at $100.18.