UPDATE 1-RESEARCH ALERT-KeyBanc cuts FreightCar America to hold

Newswire

Sept 30 (Reuters) - KeyBanc Capital Markets downgraded FreightCar America Inc to "hold" from "buy" on valuation and said earnings will not rebound until coal car orders return. The brokerage said FreightCar America, which specializes in coal-carrying railcars, would be hit by "political headwinds against coal power generation." "Until we see some resolution on the current climate bill or a carbon tax, we believe investment in coal cars is likely to remain muted," analyst Steve Barger ...

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