Greenbrier's asset sale to be accretive to earnings The effects of eliminating internal production of wheelset roller bearings and entering into the supply agreement with Timken are expected to be accretive to Greenbrier's earnings and liberate approximately $10M in capital.
News For GBX From The Last 14 Days
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Greenbrier price target raised to $52 from $38 at BofA/Merrill BofA/Merrill raised Greenbrier estimates given improved growth prospects, the need to retrofit tank cars, new car order announcements, and increasing regulatory specs. Shares are Buy rated.