Deutsche Bank Reiterates Buy Rating, $70 PT for Genesee & Wyoming

In a company update published earlier today, Deutsche Bank AG reiterated its Buy rating and $70.00 price target for Genesee & Wyoming Inc. (NYSE: GWR).

Deutsche Bank went on to say “Despite lower volumes in coal and overhead coal shipments, we continue to see solid top- and bottom-line growth potential across GWR's network as new projects ramp along the Freightlink corridor and it benefits from industrial development across its other railroads. Buy.”

Genesee & Wyoming Inc. closed yesterday at $50.20.