UPDATE: Credit Suisse Reiterates On Genesee & Wyoming On EPS Revisions

Courtesy of Benzinga.

In a report published Monday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on Genesee & Wyoming Inc (NYSE: GWR), and raised the price target from $107.00 to $108.00.

In the report, Credit Suisse noted, “While we viewed the Q4 guide as somewhat negative, we think that the bad news was already largely priced in, and investors have already begun to focus on 2015 results. Though detailed guidance will not be provided until the Q4 earnings call, GWR did note that it expects 2015 core pricing gains to trend in line with the Class I rails (which are expecting an acceleration in pricing), and was bullish with respect to growth prospects in its ag products, frac sand, and NGL businesses looking toward next year.”

Genesee & Wyoming closed on Friday at $96.20.

Posted-In: Allison M. Landry Credit SuisseAnalyst Color Price Target Analyst Ratings