Greenbrier downgraded to Hold from Buy at BB&T

|About: The Greenbrier Companies, Inc. (GBX)|By:, SA News Editor

Greenbrier (GBX +3.5%) is higher despite BB&T Capital's downgrade to Hold from Buy, as the firm believes the railcar delivery cycle has begun a multi-year downturn.

Even as BB&T forecasts an elevated EPS for FY 2016, it sees 2017 and 2018 as more challenging.

But GBX's more diversified mix, tank car recertification capabilities and the modest possibility that industry-wide railcar deliveries could see a more gradual downturn in 2017-18 if commodities rally keep BB&T from an even lower rating for the stock.

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