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Stock Market & Financial Investment News

News For CSX From The Last 14 Days
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October 9, 2015
05:26 EDTCSXStocks with implied volatility movement; CSX MNKD
Stocks with implied volatility movement; CSX (CSX) 33, MannKind (MNKD) 104 according to iVolatility.
October 7, 2015
15:29 EDTCSXCSX operations in South Carolina continue to be impacted by recent flooding
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October 6, 2015
08:15 EDTCSXCSX October volatility elevated into Q3 and outlook
CSX October call option implied volatility is at 35, November is at 28; compared to its 52-week range of 19 to 40, suggesting large near term price movement into the expected release of Q3 results on October 13.
October 5, 2015
16:52 EDTCSXCSX says operations delayed in Mid-Atlantic states
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05:46 EDTCSXNorfolk Southern downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Brandon Oglenski downgraded Norfolk Southern (NSX) to Underweight saying service challenges are driving competitive intermodal share loss to CSX (CSX). The analyst also highlighted fuel revenue and coal headwinds. He cut his price target for shares to $76 from $91. The freight railroad owner closed Friday up $1.68 to $79.01. Oglenski also downgraded this morning shares of Union Pacific (UNP) to Equal Weight.
October 1, 2015
09:49 EDTCSXCSX says taking precautions, preparing for Hurricane Joaquin
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09:30 EDTCSXRails sector upgraded to Market Weight from Market Weight at Wolfe Research
Wolfe Research upgraded the Rails Sector to Market Overweight citing limited downside in earnings and valuations at current levels. The firm recommends investors aggressively buy rail stocks again given below market multiples and double-digit earnings growth next year. As part of the sector upgrade, the analyst raised Norfolk Southern to Outperform from Peer Perform.
September 30, 2015
12:26 EDTCSXRails advance after Goldman says rate of volume declines improving
Shares of railroad operators are advancing after Goldman Sachs moved its Rails coverage view to Attractive from Neutral. WHAT'S NEW: In a note to investors, Goldman Sach's Tom Kim and team said while rail volumes continue to contract, the rate of change has begun to improve and the firm sees this as an early inflection indicator. The negatives in the rail sector appear to be well known as the sector has been under "significant" selling pressure since peaking in the fourth quarter of 2014, added Goldman Sachs. The firm sees structural improvement in the profitability of the rail sector as operating margins for 2015 are estimated to have expanded to 35% from 29% in 2010. Goldman thinks the negative earnings per share revisions cycle for rails is over and that investor expectations are achievable. The firm sees earnings as a catalyst for sector performance and believes carloads will grow again in 2016 with 4% year-over-year growth in intermodal. WHAT'S NOTABLE: Kim upgraded Canadian Pacific (CP) to Buy from Neutral and reiterated its Buy rating on Union Pacific (UNP). The firm sees upside potential for Canadian National Railway (CNI), CSX (CSX), Kansas City Southern (KSU), and Norfolk Southern Corporation (NSC), but it maintained its Neutral ratings on those names as the firm expects these stocks to trade in-line with its broader Transportation coverage universe. PRICE ACTION: In afternoon trading, shares of Canadian Pacific are up nearly 3%, while Union Pacific is higher by almost 1%. CSX is advancing 2.2%, while Canadian National Railway, Kansas City Southern, and Norfolk Southern Corporation are each up over 1%.
08:08 EDTCSXRails sector upgraded to Attractive from Neutral at Goldman
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September 28, 2015
11:42 EDTCSXCSX, mechanical unions announce labor partnership
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06:39 EDTCSXCSX added to US 1 List; FedEx and Whirlpool removed at BofA/Merrill
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