Market Overview

UPDATE: Sterne Agee Downgrades The Greenbrier Companies to Neutral, Lowers PT

Share:
Related GBX
Mid-Afternoon Market Update: Crude Oil Down 2%; PriceSmart Shares Spike Higher
Mid-Day Market Update: Dow Falls 350 Points; Incyte Shares Plunge

In a report published Friday, Sterne Agee Group downgraded its rating on The Greenbrier Companies (NYSE: GBX) from Buy to Neutral, and lowered its price target from $29.00 to $16.00.

Sterne Agee noted, “We are downgrading GBX to Neutral from Buy due to a disappointing outlook for F'13 EPS driven by weak demand for Intermodal and Grain railcars. We believe that backlog could be flat for several quarters until non-tank railcar demand recovers. In addition, we believe increased macro concerns increase the risk that non-tank car demand could weaken further. We are lowering our F'13/F'14 EPS and lower our PT from $29 to $16.”

The Greenbrier Companies closed on Thursday at $14.49.

Latest Ratings for GBX

DateFirmActionFromTo
Apr 2018Stifel NicolausMaintainsBuyBuy
Jan 2018Seaport GlobalInitiates Coverage OnBuy
Oct 2017BuckinghamMaintainsNeutral

View More Analyst Ratings for GBX
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Downgrades Analyst Ratings

 

Related Articles (GBX)

View Comments and Join the Discussion!