Greenbrier downgraded to Neutral from Positive at Susquehanna

Susquehanna analyst Bascome Majors downgraded Greenbrier to Neutral from Positive with a price target of $37, up from $30. The two-week rally in rail equipment shares "was long overdue," but it moves the stocks closer to fair value, Majors tells investors in a research note. As such, the analyst downgraded the industry to Neutral, seeing "only slight upside/downside" in shares into 2023. Majors awaits "better new-money entry points if volatility takes hold into 2023."