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Fly News Breaks for September 25, 2018
CNI, HP, SAIC, DG, CLX
Sep 25, 2018 | 10:15 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Clorox (CLX) upgraded to Buy from Hold at Argus with analyst John Staszak saying the company offers a "favorable growth profile and consistent record of industry outperformance," with efforts to increase revenues through innovation while conducting "low-cost operations." 2. Dollar General (DG) upgraded to Buy from Neutral at Buckingham with analyst Bob Summers saying he expects sustained operating strength through at least the second half of 2018 driven by the ongoing benefit from initiatives and investment as well a favorable consumer environment. 3. SAIC (SAIC) upgraded to Buy from Hold at Jefferies with analyst Sheila Kahyaoglu saying she is "incrementally more positive" and views the 10% pullback in shares since the Engility (EGL) deal announcement as a buying opportunity. 4. Helmerich & Payne (HP) upgraded to Buy from Neutral at B. Riley FBR with analyst Tom Curran citing valuation as well as the company's technology and super spec strategy. 5. Canadian National (CNI) upgraded to Buy from Neutral at Citi with analyst Christian Weatherbee saying he left meetings with management constructive that the "heavy lifting" of fixing the company's network and adding capacity is largely complete and should pay dividends through "robust" volume growth, greater fluidity, and lower costs. And this improvement coincides with easier comps, as Canadian National's network "was greatly stressed into the winter of last year from a surge in volume and bad weather." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For CLX;DG;SAIC;HP;CNI From the Last 2 Days
CNI
Apr 24, 2024 | 08:50 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
CNI
Apr 23, 2024 | 17:33 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here
CNI
Apr 23, 2024 | 16:17 EDT
The company said, "CN reaffirms its 2024 outlook and expects to deliver adjusted diluted EPS growth of approximately 10% and expects to invest approximately C$3.5 billion in its capital program, net of amounts reimbursed by customers. The Company also expects return on invested capital (ROIC) to be within the targeted range of 15%-17%. CN reiterates its longer-term financial perspective and continues to target compounded annual diluted EPS growth in the range of 10%-15% over the 2024-2026 period driven by growing volumes more than the economy, pricing above rail inflation and incrementally improving efficiency, all of which assumes a supportive economy."
CNI
Apr 23, 2024 | 16:15 EDT
Reports Q1 revenue C$4.25B vs. C$4.31B last year. "Our team of railroaders delivered to plan in the first quarter and our scheduled operating model continued to enhance our service to customers. Looking forward, we are confident for 2024. We are seeing the expected improvements in the economy, and our CN-specific growth opportunities are materializing. We remain committed to delivering on our growth agenda and powering the economy," Tracy Robinson, president and CEO, CN.