In a report published Tuesday, Longbow Research analyst Matthew S. Brooklier reiterated a Buy rating on FreightCar America RAIL, and raised the price target from $27.00 to $30.00.
In the report, Longbow Research noted, “We reiterate our BUY rating, and are raising our 12-month target price from $27 to $30. We continue to believe RAIL can grow its non coal railcar market share, margins benefit from more efficient/right sized manufacturing operations, and there remains a coal car replacement story that should materialize over the next few years.”
FreightCar America closed on Monday at $26.56.
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