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Stock Market & Financial Investment News

News Breaks
March 31, 2014
08:23 EDTNSC, CSX, GWRRailroad operator estimates lowered at Stephens
Stephens lowered its estimates for several rail operators ahead of their Q1 earnings reports citing the severe winter weather, but thinks the potential impact of weather on the quarter is well known. The firm said it would use post-earnings weakness in Genesee & Wyoming (GWR), CSX (CSX) or Norfolk Southern (NSC) as a buying opportunity, as it believes underlying demand is strengthening and the fundamental outlook for the group is unchanged. Stephens has Overweight ratings on the three stocks mentioned above.
News For GWR;CSX;NSC From The Last 14 Days
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June 30, 2015
08:09 EDTNSC, CSXRail 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).
June 29, 2015
13:47 EDTCSX, NSCSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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June 24, 2015
07:33 EDTCSXHouse Transportation & Infrastructure Committee to hold a hearing
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June 19, 2015
11:19 EDTCSXLouisville & Indiana Railroad and CSX close joint infrastructure upgrade project
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June 17, 2015
14:42 EDTCSXOption volume leaders
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June 16, 2015
07:41 EDTGWR, NSC, CSXRail sector risk/reward attractive, but patience required, says UBS
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