5 In Focus: Loop Capital Analysts Railroad Stocks Following Wednesday's Conferences - CSX (NASDAQ:CSX), Canadian Pacific Kansas (NYSE:CP)

On Wednesday, railroad firms participated in a couple of conferences, hosted by Cowen & Co. and RBC Capital Markets. As a result, five stocks within the sector were analyzed by Loop Capital Markets, four Hold-rated and one rated at Buy.

4 At Hold

CSX Corporation CSX: The company sees efficiency and productivity savings to top $350 million compared to its "about" $350 million outlook provided earlier and coal tonnage is expected to witness a year-over-year drop of 20–25 percent, which is better than its earlier forecast of about 25 percent drop.
Norfolk Southern Corp. NSC: The company is poised to gain a minimum of $200 million from productivity savings.
Union Pacific Corporation UNP: There is no change in volume forecast for the third quarter or full year.
Canadian Pacific Railway Limited (USA) CP: The company is maintaining its double digit EPS growth implying a minimum of EPS of $11.11, which is better than the consensus of $10.60.

1 Buy

The brokerage has a Buy rating on Kansas City Southern KSU. The company expects the second half of the current year to be better than the first half partly due to a rebound in auto.

At Time Of Writing...

Canadian Pacific was down 1.08 percent at $154.09.
CSX was up 0.49 percent at $28.95.
Kansas City was up 0.49 percent at $97.06.
Norfolk Southern was up 0.02 percent at $93.97.
Union Pacific was up 0.37 percent at $96.64.

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