Wells Fargo Downgrades Greenbrier Companies to Equal-Weight, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Allison Poliniak has downgraded Greenbrier Companies (NYSE:GBX) from Overweight to Equal-Weight and lowered the price target from $48 to $40.
September 07, 2023 | 9:51 am
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Greenbrier Companies has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a reduced price target of $40.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Greenbrier Companies. The lowering of the price target from $48 to $40 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100