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Stock Market & Financial Investment News

News Breaks
December 19, 2012
08:13 EDTUNP, FSTRL.B. Foster price target raised to $56 from $46 at DA Davidson
DA Davidson increased its price target on L.B. Foster (FSTR) as the firm believes that the company's recently announced long term deal with Union Pacific (UNP) reduces the risk posed by Foster's stock and should result in a higher multiple. The firm maintains a Buy rating on L.B. Foster.
News For FSTR;UNP From The Last 14 Days
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June 30, 2015
08:09 EDTUNPRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).

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