UPDATE: Deutsche Bank Lowers PT on Genesee & Wyoming from $70 to $69

Deutsche Bank has published a report on Genesee & Wyoming Inc GWR commenting on acquisitions and expansion, and lowering the price target. In the report, Deutsche Bank wrote, "GWR's solid Q2 results and upbeat outlook highlight the company's compelling growth story which should drive strong earnings accretion even in a mediocre economy. GWR stands to benefit from a robust industrial development pipeline, recent acquisitions (FreightLink and AZER), as well as a solid railroad pricing environment." Deutsche Bank rated Genesee & Wyoming a BUY with a price target lowered from $70.00 to $69.00. Genesee & Wyoming closed Monday at $46.48.