Deutsche Bank Reiterates Genesee & Wyoming Buy (GWR)

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Deutsche Bank reiterated its Genesee & Wyoming (NYSE: GWR) Buy rating in a research report published today.In the report, Deutsche Bank states, "Yesterday, GWR reported continuing Q4 EPS of $0.55 which excludes $24 million ($0.39/share) of acquisition-related expenses, $1.7 million ($0.03/share) acquisition-related foreign currency expense, $7.8 million ($0.18/share) retroactive short line tax credit, $8.7 million ($0.12/share) gain on legal settlement), and a $2.2 million ($0.03/share) gain on sale of assets. GWR reported Q4 upside on modestly better-than-expected topline growth, strong operating leverage, and a modestly lower-than-expected tax rate."Shares of Genesee & Wyoming were at $52.88 in after hours trading at the time of posting, reflecting no change from Tuesday's market close.

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