Tuesday, March 16, 2010

Analyst raises three railcar-builder shares to "Buy"

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KeyBanc analyst Steve Barger has upgraded the shares of American Railcar Industries and the Greenbrier Cos. from "Hold" to "Buy" and, at the same time, reaffirmed his "Buy" rating on a third freight railcar builder, Trinity Industries.

While sticking with his earlier 2010 estimate of 10,925 new freight cars delivered—noting that cars in storage can take help take care of immediate increases in demand—Barger increased his 2011 forecast of new car deliveries to 19,000 from 14,800.