GBX - Greenbrier Companies Remains Poised For Positive Momentum Says Analyst | Benzinga
Stephens analyst Justin Long reiterated an Overweight rating on the shares of Greenbrier Companies Inc (NYSE:GBX) and raised the price target from $62 to $65.
GBX reported fiscal 2Q24 adj. EPS of $1.03 that was above the consensus of $0.86.
The analyst added that the beat was primarily driven by higher-than-expected gains on sale and a lower-than-anticipated tax rate.
As a result, the analyst raised FY24 adj. EPS estimate to $4.20 (from $3.95) and FY25 adj. EPS estimate to $4.50 (from $4.25).
Due to Greenbrier achieving the high end of the provided guidance in 1H24 and ...