News & Events zu FreightCar America Inc (RAIL)RAILFreightCar America Inc

Morgan Stanley Raises Amazon Price Target to $350

Following a two-week-long correction of over 6%, the Nasdaq Composite bounced by over 1% on Monday as the AI trade staged recovery.   Tech was also one of the stronger sectors in the S&P 500, where a 6% bounce in AI buildout exposed names like Western Digitaland SanDiskhelped to pace the index to 0.4% gains for the day.  Consumer Cyclicals, however, was the best-performing sector in the benchmark thanks to the 5% bounce in shares of Amazonfollowing a bullish note from Morgan Stanley, which named the stock its "top pick" and raised its price target to $350 per share.   On the flip side, Utilities was the worst-performing sector in the S&P, with a 4 basis point bounce in 10-year Treasury yields to 5.14% balancing its income appeal.In the opening hour of the evening session, S&P e-Minis and Nasdaq 100 contracts are both up a decimal. In commodities, WTI  Crude Oil backed away from the $100-a-barrel level, though the contract is still up about 13% from the sub-$90 lows seen just two weeks ago.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RBB Bancorpup 4.0%Washington Trust Bancorpup 3.0%Zions Bancorporationup 0.9%ALSO HIGHER -3M Companyup 5.2% after announcing GSEO collaborationBitdeer Technologiesup 4.0% after September production reportJELD-WENup 3.0% after CFO transition, affirmed guidanceTrex Companyup 2.0% after Stifel upgrade to BuyDOWN AFTER EARNINGS -Crown Holdingsdown 5.5%Steel Dynamicsdown 5.1%W. R. Berkleydown 2.1%ALSO LOWER -FreightCar Americadown 19.3% after negative Q3 pre-announcementTorrid Holdingsdown 2.2% after CFO transition

Freightcar America Trading Resumes

Freightcar America trading resumes

Company Lowers FY26 Revenue Outlook to $445.14M

FY26 revenue consensus $445.14M. Lowers FY26 adjusted EBITDA view to $15M-$19M from $36M-$44M. The company has elected to remove 1,285 railcars related to its tank car retrofit order from its backlog because the company believes that the customer is unlikely to be able to meet its obligations under the associated customer contract. The order was to begin delivery in the second half of 2026 and continue through 2027. The updated 2026 outlook excludes the railcars related to this order scheduled to be delivered in 2026. No other orders in the company's backlog are affected. After this removal, backlog as of September 30 was 2,660 units valued at $284.5M.