Information Provided By:
Fly News Breaks for May 13, 2015
KSU, CNI, NSC, CSX
May 13, 2015 | 10:46 EDT
Wolfe Research said Q2 Rail volumes are tracking down 1% quarter-to-date, below expectations. The firm revised estimates down based on lower volumes and near-term cost headwinds and is slightly below Q2 consensus for CSX (CSX), and well below consensus for Norfolk Southern (NSC), Canadian National (CNI) Kansas City Southern (KSU).
News For CSX;NSC;CNI;KSU From the Last 2 Days
NSC
Apr 18, 2024 | 07:45 EDT
Loop Capital raised the firm's price target on Norfolk Southern to $270 from $261 and keeps a Buy rating on the shares as part of a broader research note on Transportation names. The firm is adjusting its estimates on the stock following its Q1 pre-announcement last week.
CSX
Apr 18, 2024 | 06:30 EDT
UBS analyst Thomas Wadewitz lowered the firm's price target on CSX to $44 from $46 and keeps a Buy rating on the shares. CSX's Q1 EPS was modestly above consensus, showing improvement in the Purchased Services and Other expense line and providing positive commentary on their outlook for volumes, the analyst tells investors in a research note. The Q1 report was solid and CSX provided a constructive outlook, UBS contends.