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Jefferies is out with its "Industrials" report today, and highlights sentiment indicators in its coverage universe.
In a note to clients, Jefferies writes, "It is worth noting that all of the truck RSIs increased from last week, led by HTLD's jump from 62.3 to 72.0. CP is the only rail stock that we cover that experienced an increase, albeit slight, in RSI from a week earlier (48.9 on April 7 vs. 47.0 on March 31)."
Jefferies maintains Buy on CP, and Hold on HTLD.
Shares of CP closed Thursday at $64.07, down 0.96% from Wednesday's close.
Shares of HTLD closed Thursday at $17.94, down 0.39% from Wednesday's close.
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