rail stocks

Goldman Sachs initiated coverage of rail stocks six months ago and revisited its thesis in a Monday report, including "admitting some wrongs." The Analyst Goldman Sachs' Matt Reustle upgraded CSX Corporation (NASDAQ: CSX) from Sell to Neutral with a price target lifted from $52 to $...

Westinghouse Air Brake Technologies Corp (NYSE: WAB) (also known as Wabtec) a supplier of value-added products and services for rail markets, could achieve its earnings guidance over the coming years that supports a bullish stance on the stock, according to Deutsche Bank. The Analyst Deutsche...

Canadian 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...

Canadian 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...

Genesee & 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...

Hunter 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-...

The 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...

Analysts 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...

What 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...

Shares 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...

For 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...

Analysts 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...

The rail sector is often ignored by investors given the complexity of the industry. However, this may prove to be a mistake, as the sector could offer attractive returns. Loop Capital Markets initiated coverage of the rail sector On August 1 with a mostly Neutral stance. Analysts slapped Hold...

Analysts at BMO Capital Markets oversee a proprietary index called the "BMO Rail Demand Index" (RDI), which measures demand momentum for rail carloads. As noted by BMO's Fadi Chamoun, the RDI historically led carloads by three to six months. The May reading of 44 is roughly in line with April's...

Year-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...