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Downgrade Alert for Genesee & Wyoming (GWR)

By David Diaz

Genesee & Wyoming (NYSE:GWR) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $60.66 on volume of 486,000 shares, below average daily volume of 539,000.

Genesee & Wyoming has overhead space with shares priced $60.66, or 25.4% below the average consensus analyst price target of $81.33. The stock should run into initial resistance at its 200-day moving average (MA) of $61.79 and subsequent resistance at its 50-day MA of $61.83.

Genesee & Wyoming Inc., through its subsidiaries, owns and operates short line and regional freight railroads and provides related rail services. The Company also provides railroad switching and related services to United States industries with extensive railroad facilities within their complexes. Genessee operates in the United States and Australia.

Genesee & Wyoming share prices have moved between a 52-week high of $94.57 and a 52-week low of $41.56 and closed yesterday at 46% above that low price at $60.66 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Genesee & Wyoming and will alert subscribers who have GWR in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades genesee & wyoming

Ticker(s): GWR