Genesee & Wyoming up 4% After Dahlman Rose Upgrade

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Genesee & Wyoming
GWR
is trading higher on the session following a Dahlman Rose report this morning. Dahlman Rose upgraded the company from Hold to Buy and established a $67 price target. In the note, Dahlman Rose stated: "With a number of challenges now in the rear-view mirror, such as the Edith River Bridge outage in Australia, which weighed on 2H11 results, including a $0.05/sh negative impact on EPS in 1Q12, and with the stock giving up much of the gain that followed the company's recent earnings report, we believe this is a good entry point into GWR shares for long-term investors." Genesee & Wyoming is currently trading at %56.92, a gain of $2.14 or 3.91%.
Posted In: Intraday UpdateMovers
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