Stephens analyst Justin Long lowered the firm’s price target on FreightCar America to $3 from $4 and keeps an Equal Weight rating on the shares following the company’s Q4 earnings results. While FreightCar America’s Q4 results "featured an 11% revenue beat from higher railcar deliveries," it was offset by "weaker-than-expected margins from supply chain challenges." The analyst maintained an Equal Weight rating and lowered the firm’s price target citing the stock’s current valuation and macro uncertainties.
Published first on TheFly
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