Oil tank-car makers add to losses as Raymond James turns bear

|By:, SA News Editor

Oil tank-car makers Trinity Industries (TRN -5.5%), American Railcar (ARII -6.9%), and Greenbrier (GBX -6.2%) are adding to Monday's losses after Raymond James downgraded Trinity and American 2 notches to Underperform and Greenbrier 1 notch to Underperform.

The initial sell-off was most likely caused by a critical piece in Barron's over the weekend, which argued the companies may have gotten ahead of themselves in gauging demand.