Information Provided By:
Fly News Breaks for March 8, 2016
CP, UNP, KSU
Mar 8, 2016 | 07:48 EDT
UBS said the current conditions in the rail sector remain challenging but believes the worst is likely behind it. The firm believes, given current valuations, that there is likely to be support for rail stocks if macro data remains stable and if investors believe the likely scenario for the U.S. is one of slow economic growth. UBS believes pullbacks in the sector will be modest and continues to favor Buy-rated names Kansas City Southern (KSU), Union Pacific (UNP) and Canadian Pacific (CP).
News For KSU;UNP;CP From the Last 2 Days
CP
Apr 25, 2024 | 12:22 EDT
Scotiabank lowered the firm's price target on Canadian Pacific Kansas City to C$124 from C$126 and keeps a Sector Perform rating on the shares.
UNP
Apr 25, 2024 | 07:48 EDT
Reports Q1 revenue $6.03B, consensus $5.98B. "Our team delivered strong financial results in the first quarter as we navigated a challenging freight market and normal winter conditions," said Jim Vena, Union Pacific CEO. "These results build on the momentum we established as we exited 2023 and provide further proof of what's possible as we strive to be the best in safety, service, and operational excellence. This is a great start to the year, but we understand there's work to be done to achieve our goals and meet our stakeholders' expectations."
CP
Apr 25, 2024 | 06:49 EDT
Susquehanna analyst Bascome Majors lowered the firm's price target on Canadian Pacific Kansas City to $80 from $84 and keeps a Neutral rating on the shares. The firm views the company's nearer-term conservatism as prudent given the historic unpredictability of Canadian Teamsters labor negotiations, and remain on the sidleines primarily because of valuation.