Stephens analyst Justin Long has reiterated an Overweight rating on Greenbrier Companies Inc (NYSE:GBX) and increased the price target from $62 to $65, following a fiscal 2Q24 earnings beat. The beat was attributed to higher-than-expected gains on sale and a lower-than-anticipated tax rate. Adjusted EPS estimates for FY24 and FY25 were raised. The analyst highlighted Greenbrier's potential for margin improvement, increased production levels, and enhanced production visibility into FY25. The company's efforts in doubling recurring revenue in the leasing & management services segment and the recent improvement in new railcar orders were also noted positively. GBX shares rose 3.16% to $54.84.