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JP Morgan Maintains Overweight Rating and $15 PT on RailAmerica

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A report from J.P. Morgan reiterates its Overweight rating and $15 price target on RailAmerica (NYSE: RA).

The report states, “After the close on Tuesday, RA reported 3Q:11 adjusted EPS of $0.24, which was above our estimate and Consensus of $0.22. We believe the step up in the pace of core pricing growth is a positive for RA, although mix and fuel were also meaningful contributors to 3Q yield growth. We expect RA to achieve modest y/y margin expansion in 4Q despite the mix headwind in non-freight revenue as Atlas revenues continue to grow."

RA closed yesterday at $13.88.

Posted-In: JP MorganAnalyst Color Earnings News Reiteration Analyst Ratings

 

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