According to J.P. Morgan, RailAmerica RA price target is raised to $21.
J.P. Morgan said that RA's 4Q adjusted earnings report of $0.34 (ex $0.05 of one-time items) was well above its estimate and Consensus. “We are raising our 2012 and 2013 EPS estimates.”
RailAmerica closed yesterday at $18.16.
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