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Downgrade Alert for Greenbrier Cos (GBX)

By David Diaz

Greenbrier Cos (NYSE:GBX) was downgraded from Buy to Neutral at Longbow today. The stock closed yesterday at $28.99 on volume of 697,000 shares, above average daily volume of 598,000.

Greenbrier Cos (NYSE:GBX) has potential upside of 70.3% based on a current price of $28.99 and analysts' consensus price target of $49.38. The stock should find resistance at its 200-day moving average (MA) of $32.64, as well as support at its 50-day MA of $28.10.

In the past 52 weeks, shares of Greenbrier Cos have traded between a low of $19.89 and a high of $64.45 and closed yesterday at $28.99, which is 46% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.2%.

The Greenbrier Companies, Inc. supplies transportation equipment and services to the railroad and related industries. The Company's manufacturing segment produces railcars and marine vessels. Greenbrier also provides repair and refurbishment for intermodal and conventional railcars. In addition, the Company provides complementary leasing and services activities.

SmarTrend is monitoring the recent change of momentum in Greenbrier Cos. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Greenbrier Cos in search of a potential trend change.

Keywords: analyst upgrades/downgrades greenbrier cos

Ticker(s): GBX