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Shares of FreightCar America (RAIL -6.1%) tilt lower after KeyBanc slaps the company with a...

Shares of FreightCar America (RAIL -6.1%) tilt lower after KeyBanc slaps the company with a downgrade to Underweight from Hold along with lowered estimates for FY12 earnings. Looking ahead to next year, analysts see the company's coal car volume and revenue tailing off. It's been a bad day across the sector after an accident in China threw a spotlight on safety concerns. GBX -4.5%, ARII -7.9% on KeyBanc downgrade to Hold.
Comments (1)
  • We look at these numbers all the time and this time.....I have to agree. Not only are coal and grain loadings down but the railroads are getting plenty more efficient in turning cars, increasing velocity and throughput. If the economy keeps growing we'll see a rebound in orders. If only the railroads would go back to 1980.
    12 Mar 2012, 01:43 PM Reply Like
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