JPMorgan analyst Brian Ossenbeck says Kansas City Southern's (KSU) "noisy" Q3 results and "negative" production headlines have brought the stock's valuation at parity with Union Pacific (UNP) for the first time since the financial crisis. Kansas City's relative valuation is attractive, Ossenbeck tells investors in a research note where he upped his price target for the shares to $111 from $110. He keeps an Overweight rating on the shares.

Deutsche Bank placed a "Catalyst Call: Buy" on shares of Union Pacific (UNP) as a short-term investment idea. With all the attention Norfolk Southern (NSC) is getting in recent months, it is easy to overlook developments at other railroads, the analyst tells investors in a research note. The firm says Union Pacific is now the worst performing pail stock year-to-date. However, operating metrics "clearly show that UNP's renewed efforts on operations are gaining traction," contends Deutsche Bank. It keeps a Buy rating on the shares with a $266 price target.