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American Railcar downgraded at BB&T, rail-car cycle starts multi-year decline

Feb. 22, 2016 3:59 PM ETAmerican Railcar Industries, Inc. (ARII) StockARIIBy: Carl Surran, SA News Editor
  • American Railcar Industries (ARII +1.4%) is downgraded to Underweight from Hold at BB&T, which says the rail-car cycle has begun a multi-year cycle of declining annual deliveries.
  • While ARII's earnings will remain elevated during 2016, the firm expects more meaningful EPS declines thereafter.
  • Pricing of new cars and lease renewal rates have become extremely competitive during the last 90 days, which BB&T believes eventually will leave ARII's comparatively small backlog of 7.1K units vulnerable to weak conditions as it seeks to fill open slots.

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American Railcar Industries, Inc.