Greenbrier price target raised to $38 from $36 at Stephens

Stephens raised the firm’s price target on Greenbrier to $38 from $36 and keeps an Overweight rating on the shares after the company reported fiscal Q2 adjusted EPS in line with pre-released expectations on March 22 and the timing of railcar syndication drove higher-than-expected railcar deliveries in the quarter. Greenbrier raised FY23 guidance for both revenue and railcar deliveries by 4% at the midpoint, notes the analyst, who continues to believe "the earnings power of the business is significantly higher than current levels."