Stifel Upgrades Genesee & Wyoming On Updated 4Q14 EPS Estimate

In a report published Friday, Stifel analyst John Larkin upgraded the rating on

from Hold to Buy, and named a $99.00 price target. In the report, Stifel noted, “We are updating our 4Q14 EPS estimate to incorporate higher volume, a slightly higher benefit from the lag impact associated with fuel surcharges, and the short-line tax credit. As well, with the company's share price having fallen nearly 20% since the end of November (versus S&P 500 down 3%), and with the potential for strong earnings growth over the coming years despite uncertainty around oil, the stock appears to us to be attractively valued at current levels. As such, we are upgrading our rating from Hold to Buy and establishing a $99 target price.” Genesee & Wyoming closed on Thursday at $82.47.