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BofA Downgrades Canadian National Railway After CEO Resignation
Tuesday, March 6, 2018 - 4:23pmCanadian National Railway (USA) (NYSE: CNI) CEO Luc Jobin was "ousted" from the company after less than two years. The executive departure marks the "most significant" railroad CEO change in years aside from activist involvements and necessitates a downgrade, according to Bank...
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Argus Steps To Sideline On Canadian National, Waits For Revenue Growth Or $70 Level
Friday, February 16, 2018 - 11:44amCanadian National Railway (USA) (NYSE: CNI)'s revenue growth appears challenging over the next several quarters, according to Argus. The Analyst Argus analyst John Eade downgraded shares of Canadian National Railway from Buy to Hold. The Thesis Canadian National, though a well-managed...
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Genesee & Wyoming: Back On Track To Being Best In Class
Tuesday, January 9, 2018 - 9:24amGenesee & Wyoming Inc (NYSE: GWR), a U.S.-based owner and operator of freight railroads across the world, has underperformed its Class I peers since 2015 but now one analyst is confident the tide has turned. The Analyst JPMorgan's Brian Ossenbeck initiated coverage of G&W's stock...
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What Does CSX Do Now?
Monday, December 18, 2017 - 6:27pmHunter Harrison’s death is a blow to CSX Corporation (NASDAQ: CSX). Management knows it. "With the passing of Hunter Harrison, CSX has suffered a major loss,” Chairman Edward Kelly III said in a press release. Shareholders know it. News of his then-illness prompted their 8-...
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The Railroad Trade: The Transport Stock Most Likely To Stay On Track
Tuesday, November 14, 2017 - 10:36amThe North American logistics space represents a $1.2 trillion market, but some rail stocks appear to be out of favor with some Wall Street analysts. The Analyst Goldman Sachs' Matt Reustle initiated the following rail stocks with a Sell rating: CSX Corporation (NASDAQ: CSX) — $45...
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Canadian Pacific Ready To Switch Tracks To Faster Sales Growth
Thursday, October 12, 2017 - 9:46amAnalysts at JPMorgan turned bullish on Canadian Pacific Railway Limited (USA) (NYSE: CP) as the company is expected to demonstrate accelerating sales growth among other headwinds over the coming years. Analyst Brian Ossenbeck upgraded Canadian Pacific's TSX-listed stock rating from Neutral to...
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Analysts Split On CSX's Outlook Post Q2 Earnings
Thursday, July 20, 2017 - 2:32pmWhat impact will the death of fossil fuels have on CSX Corporation (NASDAQ: CSX)? CSX's CEO Hunter Harrison said during the company's second-quarter conference call that "fossil fuels are dead" — which implies the company won't invest in new coal-related assets, Loop Capital Markets' Rick...
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Give Credit Where It's Due: CSX Made Improvements Despite 'Noisy Quarter'
Wednesday, July 19, 2017 - 11:09amShares of CSX Corporation (NASDAQ: CSX) were under heavy selling pressure Wednesday despite the company handily beating estimates in its second-quarter earnings report. The railroad company earned 64 cents per share in the second quarter on revenue of $2.933 billion; analysts were expecting the...
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2 Stocks Up 50% In 2017 That Have Further Room For Upside
Friday, July 7, 2017 - 1:04pmFor many investors deciding what to do with a stock that's up 50 percent in a few months is a difficult task. On the one hand, few can fault an investor for cashing in on an impressive gain but they risk selling early. Among the five S&P 500 stocks up at least 50 percent this year, CSX...
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Credit Suisse Upgrades Kansas City Southern, Sees Material Earnings Upside
Friday, June 16, 2017 - 10:10amAnalysts at Credit Suisse turned bullish on Kansas City Southern (NYSE: KSU) Friday based on a positive view of both the near- and mid-term horizons. Credit Suisse's Allison Landry upgraded Kansas City's rating from Neutral to Outperform with a price target boosted from $90 to $116. The bullish...
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