UPDATE: Dahlman Rose & Co. Upgrades Genesee & Wyoming; Establishes PT

According to a research report published this morning, Dahlman Rose & Co. has upgraded Genesee & Wyoming (NYSE: GWR) from Hold to Buy, and established a $67 PT.

"With a number of challenges now in the rear-view mirror, such as the Edith River Bridge outage in Australia, which weighed on 2H11 results, including a $0.05/sh negative impact on EPS in 1Q12, and with the stock giving up much of the gain that followed the company's recent earnings report, we believe this is a good entry point into GWR shares for long-term investors," Dahlman Rose & Co. said in the report.

Genesee & Wyoming closed Friday at $54.78.