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Stock Market & Financial Investment News

News Breaks
January 30, 2013
06:12 EDTNSCNorfolk Southern upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities upgraded Norfolk as it believes coal demand will trough in Q1 and intermodal growth will accelerate throughout the year. Price target raised to $86 from $76.
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June 30, 2015
08:09 EDTNSCRail 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 EDTNSCSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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June 16, 2015
07:41 EDTNSCRail sector risk/reward attractive, but patience required, says UBS
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