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Bank of America Securities Sticks to Their Sell Rating for Greenbrier (GBX)
In a report released today, Ken Hoexter from Bank of America Securities reiterated a Sell rating on Greenbrier, with a price target of $49.00.
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Hoexter covers the Industrials sector, focusing on stocks such as CSX, XPO, and FedEx. According to TipRanks, Hoexter has an average return of 1.8% and a 47.90% success rate on recommended stocks.
Currently, the analyst consensus on Greenbrier is a Moderate Sell with an average price target of $46.33.
Based on Greenbrier’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $755.8 million and a net profit of $36.8 million. In comparison, last year the company earned a revenue of $1.05 billion and had a net profit of $61.6 million
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