Susquehanna raised the firm’s price target on Greenbrier (GBX) to $65 from $63 and keeps a Positive rating on the shares as part of a Q3 earnings preview for the rail equipment group. Railcar fundamentals “remain healthy,” says the firm, which moved its target valuations to 2026 earnings estimates. Susquehanna’s fundamental views toward the railcar cycle remain largely unchanged. Lessors are well positioned to drive revenue and returns higher by renewing pre-2022 leases through 2025 and 2026, secondary railcar markets remain healthy but aren’t sequentially strengthening as new railcar prices slightly decline, while 2024’s weaker railcar orders suggest the first half of 2025 “could be a mixed bag,” the analyst tells investors in a research note.
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Read More on GBX:
- Trinity Industries downgraded to Neutral at Susquehanna on valuation
- GBX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Greenbrier Announces Quarterly Dividend to Shareholders
- North American rail traffic down 3.7% for the week ending October 5
- North American rail traffic up 0.3% for the week ending September 28
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