In a report published Tuesday, Sterne Agee analyst Sal Vitale upgraded the rating on Greenbrier Companies GBX from Neutral to Buy, and raised the price target from $16.00 to $28.00.
In the report, Vitale noted, “We are upgrading GBX to Buy from Neutral due to: (1) strong growth in high-margin backlog; (2) improved non-tank car order flow; and (3) GBX's margin improvement initiative. We believe these factors will drive robust growth through the peak of the cycle in calendar '15/'16.”
Greenbrier Companies closed on Monday at $21.74.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in