Loading...
Loading...
J.P. Morgan is out with its report today on RailAmerica RA, raising its PT from $16 to $18.
In a note to clients, J.P. Morgan writes, "We are raising our December 2011 price target from $16 to $18, which is based on applying a 7.5x EV/EBITDA multiple to our 2012 continuing EBITDA forecast. In our view, RA's solid 4Q:10 performance shows that the railroad is delivering stronger operational and financial execution."
J.P. Morgan maintains Overweight on RA.
Shares of RA closed Monday at $16.41, up 1.11% from Friday's close.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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