Goldman Sachs initiated coverage of Greenbrier (GBX) with a Sell rating and price target of $38, which represents 10% downside. The firm believes the company’s manufacturing sales headwinds from negative near-term industry cyclicality and the potential medium-term overhang related to Class 1 rail consolidation will overshadow its recent fundamental business improvements. Greenbrier’s headwinds in the near term will offset the stock’s valuation, the analyst tells investors in a research note.
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