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Stock Market & Financial Investment News

News Breaks
February 13, 2013
05:55 EDTACW, ACW, CSX, CSX, ECHO, ECHO, CNW, CNW, WERN, WERN, UNP, UNP, NSC, NSC, HTLD, HTLD, GBX, GBX, R, RBB&T to hold a conference
28th Annual Transportation Services Conference is being held in Coral Gables, Florida on February 13-14.
News For ACW;GBX;HTLD;NSC;UNP;WERN;CNW;ECHO;CSX;R From The Last 14 Days
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March 26, 2015
10:04 EDTNSC, UNPOn The Fly: Analyst Downgrade Summary
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10:04 EDTCNWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alere (ALR) upgraded to Neutral from Sell at Goldman... Canadian National (CNI) upgraded to Outperform from Market Perform at Cowen... Charles Schwab (SCHW) upgraded to Overweight from Underweight at Barclays... Con-way (CNW) upgraded at Stifel... Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Stifel... Francesca's (FRAN) upgraded to Neutral from Sell at Goldman... GoPro (GPRO) upgraded to Outperform from Neutral at RW Baird... PartnerRe (PRE) upgraded to Outperform from Market Perform at BMO Capital... Rice Energy (RICE) upgraded to Overweight from Equalweight at Capital One... Saia, Inc. (SAIA) upgraded at Stifel... Sibanye Gold (SBGL) upgraded to Outperformer from Sector Performer at CIBC.
09:36 EDTUNPUnion Pacific downgraded at Cowen
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09:31 EDTCSXCSX downgraded to Neutral from Buy at Cleveland Research
Cleveland Research downgraded CSX to Neutral due to a more cautious view of the rail industry given rising labor costs, lingering near-term service issues, and slowing oil and gas related carload growth.
09:20 EDTNSCNorfolk Southern downgraded to Neutral from Buy at Cleveland Research
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09:18 EDTUNPUnion Pacific downgraded to Neutral from Buy at Cleveland Research
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07:38 EDTCNWCon-way upgraded at Stifel
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07:32 EDTNSCNorfolk Southern downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Norfolk Southern to Market Perform due to valuation.
06:28 EDTUNPUnion Pacific downgraded to Market Perform from Outperform at Cowen
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06:21 EDTCNWCon-way upgraded to Buy from Hold at Stifel
March 24, 2015
09:01 EDTNSCStephens to hold an investor trip
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07:10 EDTACWAccuride to host investor meeting
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March 23, 2015
16:20 EDTUNP, NSCOn The Fly: Closing Wrap
Stocks on Wall Street opened in relatively quiet fashion and remained that way throughout the session until a sharp selloff in the closing minutes. For most of the day the averages moved in a narrow range, as the Dow broke its streak of consecutive days with triple digit moves. Like stocks, the oil markets had a quiet session that stood out amid the recent volatility in crude prices. A late day drop prevented the major stock indexes from adding to the big gains they'd notched on Friday. ECONOMIC EVENTS: In the U.S., the Chicago Fed's national activity index fell to -0.11 in February, below expectations for a reading of 0.10. Existing home sales rose 1.2% to a 4.88M rate in February, which was below the consensus forecast for them to grow 2% to a 4.92M unit rate. COMPANY NEWS: Shares of Kansas City Southern (KSU) declined $9.21, or 7.96%, to $106.48 after the railroad operator lowered its fiscal year revenue guidance to reflect slower year-to-date carload growth primarily from the energy sector, along with a continued deterioration in the value of the Mexican peso against the U.S. dollar and lower fuel surcharge revenues driven by lower WTI prices. The revenue warning appeared to weigh on others in the rail industry as well, with Union Pacific (UNP) falling $4.67, or 3.98%, to $112.78, Norfolk Southern (NSC) dropping $3.87, or 3.5%, to $106.56 and Canadian National (CNI) sliding $1.13, or 1.65%, to $67.24. MAJOR MOVERS: Among the notable gainers was ImmunoGen (IMGN), which gained $1.25, or 16.8%, to $8.69 after Takeda (TKPYY) licensed rights to use the company's antibody drug conjugate technology. Also higher was Tenet Healthcare (THC), which rose $2.45, or 4.94%, to $52.07 after agreeing to combine its short-stay surgery and imaging center assets into a new joint venture with United Surgical Partners International. Tenet will initially own 50.1% of the joint venture and will consolidate its financial results and will have a path to full ownership of USPI over the next five years through a put/call structure, the company noted. Among the noteworthy losers was MEI Pharma (MEIP), which plunged $4.37, or 69.37%, to $1.93 and was downgraded by at least four Wall Street research firms after the combination of Pracinostat and azacitidine showed no difference in the rate of complete remission, the primary endpoint of a Phase II study, compared to azacitidine alone. Also lower were shares of Vertex (VRTX), which fell $5.21, or 3.98%, to $125.79 after reporting data from a study evaluating VX-661 in combination with ivacaftor in cystic fibrosis that JPMorgan said was generally below expectations. INDEXES: The Dow fell 11.61, or 0.06%, to 18,116.04, the Nasdaq lost 15.44, or 0.31%, to 5,010.97, and the S&P 500 dropped 3.68, or 0.17%, to 2,104.42.
13:13 EDTCSX, NSC, UNPRailroad operators trade lower after Kansas City Southern reduces FY15 guidance
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12:17 EDTNSC, UNPOn The Fly: Midday Wrap
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08:01 EDTRRyder price target raised to $130 from $117 at FBR Capital
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March 20, 2015
07:10 EDTUNPUnion Pacific weakness a buying opportunity, says UBS
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March 19, 2015
08:28 EDTGBXGreenbrier order flow impressive, says Sterne Agee
After Greenbrier announced yesterday that it received 10.1K orders in the February quarter, Sterne Agee says that the company's strong order flow is especially impressive since it likely excludes much of the effect of crude by rail tank orders related to the new tank car standards expected in May. The firm says that Greenbrier's backlog now essentially covers about two years worth of deliveries. It keeps an $84 price target and Buy rating on the shares.
07:17 EDTCNWStephens to hold a conference
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March 18, 2015
09:19 EDTACWAccuride improves warranties for Gunite automatic slack adjusters
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