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Stock Market & Financial Investment News

News Breaks
February 19, 2013
19:30 EDTNAV, RAILFreightCar America sub-leases railcar manufacturing facility from Navistar
FreightCar America (RAIL) announced that it has sub-leased approximately 25% of Navistar's (NAV) Cherokee, Alabama manufacturing facility. FreightCar is preparing the Shoals facility for operation, with the first deliveries of new railcars expected in 2H. When fully operational, the facility will have the capacity to build over 7,000 railcars per year. In connection with the transaction, the company also entered into several related agreements with Navistar for the supply of parts and production support services and the purchase of production equipment at the Shoals facility. The company expects to invest up to $23M to equip and make the facility operational.
News For RAIL;NAV From The Last 14 Days
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January 27, 2015
12:30 EDTRAILThomson Horstmann & Bryant reports 5.49% passive stake in FreightCar America
January 22, 2015
10:03 EDTNAVOn the Fly: Analyst Downgrade Summary
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January 21, 2015
16:26 EDTNAVNavistar downgraded to Underperform from Market Perform at BMO Capital
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January 15, 2015
09:23 EDTRAILFreightCar America named a top pick for 2015 at CL King
CL King named Strong Buy rated FreightCar America a top pick for 2015 and views valuation as highly compelling. The firm expects strong 2015 EPS growth and notes backlog is now more than $1.1B and oil exposure is less than peers.

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