rail

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...

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...

Walt Liptak of Seaport Global initiated coverage of CSX Corporation (NASDAQ: CSX) with a Neutral rating and $31 price target, which represents a 16x multiple to his 2017 earnings per share estimate of $1.95 per share. Liptak noted that from a historical perspective, the stock has traded at an...

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 (NASDAQ: CSX): The company sees...

The operational metrics of CSX Corporation (NASDAQ: CSX) since the 2014 capacity crunch have lagged other railroads, Loop Capital said, while maintaining its Hold rating and raising the price target by $1 to $31. Loop Capital said CSX's year-to-date average train speed is 9 percent below its 2013...

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...

Argus said the recent weakness in the shares of Union Pacific Corporation (NYSE: UNP) offers a buying opportunity. Underperformance Union Pacific shares have modestly underperformed the market over the past quarter, rising 2.7 percent versus 3.9 percent gain for the S&P 500. Compared to the...

Canadian Pacific Railway Limited (USA) (NYSE: CP) reported earnings Wednesday, resulting in a mixed reaction. Initially, traders reacted positively to the company's Q2 adjusted earnings per share of $2.05 vs. $2.04 estimates and $1.45 billion sales vs. $1.47 billion estimates; however, a Buckingham...

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...

The 2016 Citi Industrials Conference took place this week, and analyst Christian Wetherbee released a series of new notes with takeaways from the conference and commentary on a number of railway stocks. Here’s a look at what he had to say. Kansas City Southern (NYSE: KSU): Wetherbee saw CFO...

Citi has downgraded USD Partners LP (NYSE: USDP) to Neutral from Buy on valuation, and said the near-term operations are stable, but the long-term looks risky. However, Citi maintains its target price at $10.50. USD Partners LP is a master limited partnership that acquires, develops and operates...

With investor attention mostly focused on technology, social media, energy and other "hot" sectors following the recent market selloff, they may be missing out on opportunities within the trucking/logistics and rail sectors. In separate reports published on Wednesday, John Larkin of...

In a report published Tuesday, Credit Suisse analyst Allison Landry lowered her earnings per share estimates on rail companies for the second time this quarter. Landry stated in a research note at the end of May that while consensus estimates have been "steadily" coming down over the...