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BofA Downgrades Genesee & Wyoming On Valuation After 8% Rally
Thursday, August 9, 2018 - 12:15pm | 404The fundamentals of Genesee & Wyoming Inc (NYSE: GWR), which owns or leases short-line and regional freight railroads, are on solid footing, but valuation has sent Bank of America Merrill Lynch to the sidelines. The Analyst Analyst Ken Hoexter downgraded Genesee & Wyoming from Buy to...
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Analyst: UPS Network Overhaul Could Improve Margins
Monday, May 14, 2018 - 12:15pm | 326United Parcel Service Inc (NYSE: UPS)’s network transformation plans could improve margins and give the company additional upside earnings potential, according to Bank of America Merrill Lynch. The Analyst BofA's Ken Hoexter upgraded UPS from Neutral to Buy and raised the stock’s...
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BofA Downgrades Canadian National Railway After CEO Resignation
Tuesday, March 6, 2018 - 4:23pm | 409Canadian 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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Wall Street Gives FedEx A Passing Grade After Solid Earnings Report
Wednesday, December 20, 2017 - 5:13pm | 602FedEx Corporation (NYSE: FDX) hit a new all-time high of $253.24 after the company handily exceeded Wall Street's expectations in its fiscal second quarter earnings report. Here is a summary of how some of the Street's top analysts responded to the print. Bank Of America: Solid Quarter...
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'The Best Railroader Of Our Time': The Legacy Of Hunter Harrison
Monday, December 18, 2017 - 3:57pm | 934Hunter Harrison had barely served nine months of his four contracted years at CSX Corporation (NASDAQ: CSX) before taking a medical leave mid-December. On Saturday, the company announced his death. The CEO’s significance to the firm was seen in an 8-percent stock pullback, representing a $4-...
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CH Robinson Gets A Double Upgrade From Bank Of America
Tuesday, October 10, 2017 - 12:21pm | 617C.H. Robinson Worldwide Inc (NASDAQ: CHRW) earned a double upgrade at Bank of America Merrill Lynch Tuesday, as the firm focused on spot market beneficiaries in the rapidly rising truck pricing market. With the upgrade, C.H. Robinson joins BoA Merrill Lynch's Buys on truckload, or TL/Internodal...
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Kansas City Southern, The Growth Stock
Tuesday, October 10, 2017 - 10:57am | 414Bank of America Merrill Lynch said in a note valuation of Kansas City Southern (NYSE: KSU) looks good for growth potential. The firm upgraded the shares of the company and lifted the price target. The rating on Kansas City Southern shares now go to Buy from Neutral and the price target from $...
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Analyst Says Buy FedEx Stock Amid Amazon Last-Mile Concern
Friday, October 6, 2017 - 2:58pm | 585It’s another one of those “don’t judge an article by its title” moments. FedEx Corporation (NYSE: FDX) plunged 2 percent Thursday on “overstated” headlines reporting increased competition from Amazon.com, Inc. (NASDAQ: AMZN), and Bank of America Merrill Lynch...
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Can FedEx Investors Overlook Cyberattack-Related Miss And See A Silver Lining?
Wednesday, September 20, 2017 - 11:10am | 526FedEx Corporation (NYSE: FDX)'s fiscal first quarter earnings report initially sent the stock lower by 4 percent as the company acknowledged it was negatively impacted by a cyberattack in its TNT unit. However, the stock recovered those after-hours losses and was up more than 2 percent...
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Bank Of America Joins Other Analysts In Downgrading Werner Enterprises
Tuesday, June 21, 2016 - 3:49pm | 445Wall Street is bearish on Werner Enterprises, Inc. (NASDAQ: WERN), and Bank of America Merrill Lynch is no exception. The brokerage has downgraded Werner to Underperform from Neutral after the transportation firm issued lower-than-expected second-quarter earnings outlook. Downgrades In The Sector...
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Bank Of America Downgrades Knight Transportation Following Werner Warning
Tuesday, June 21, 2016 - 12:01pm | 369Bank of America Merrill Lynch has downgraded Knight Transportation (NYSE: KNX) to Neutral from Buy following lower-than-expected earnings outlook from Werner Enterprises, Inc. (NASDAQ: WERN). Werner Led The Way Bank of America, which also downgraded Werner to Underperform, said, "The truckload...
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Bank Of America Upgrades Kansas City Southern To Buy Following Q1 Results
Wednesday, April 20, 2016 - 9:32am | 298Bank of America Merrill Lynch’s Ken Hoexter mentioned that Kansas City Southern (NYSE: KSU) reported its 1Q results with the EPS beating the estimate and the consensus. Hoexter upgraded the rating on the company from Underperform to Buy, while raising the price objective from $77 to $160...
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BofA Says 'Move Back In' To Transports; Upgrades Industry En Masse
Monday, February 22, 2016 - 8:59am | 476BofA Merrill Lynch’s Ken Hoexter said that the ratings for nearly half of the rails and trucks under coverage had been raised on account of “the stabilization of rail car loadings, uptick in our biweekly truck shipper survey, and historically relative attraction of valuation multiples...
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Bank Of America Incrementally Bullish On Transportation Stocks, Upgrades Four Companies To Buy
Friday, September 11, 2015 - 1:50pm | 434Year-to-date, rail, truck and airfreight/forwarding stocks are down 20 percent. Ken Hoexter of Bank Of America upgraded four transportation companies to Buy. Hoexter noted that industry trends are "getting less negative." In a report published Friday, Bank of America analyst Ken Hoexter...
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Bank Of America: Demand Soft For Big Rail Carriers
Wednesday, June 24, 2015 - 9:27am | 322Major rail carriers are seeing lower-than-expected demand that reflects weak growth in commodities, an analyst said Wednesday. Ken Hoexter of Bank of America trimmed his targets on three of the companies, while lowering his 2015 earnings estimates by an average of 4 percent. "We remain...