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CSX

CSX

$34.80

0.13 (0.37%)

08:24
11/30/16
11/30
08:24
11/30/16
08:24

CSX sees volume down low to mid single digits in 2016

Sees negative volume trends starting to moderate. Sees $400M of cost savings this year. Sees coal demand affected by natural gas prices. Says continues to be "bullish" on domestic intermodel. Comments taken from the Credit Suisse 4th Annual Industrials Conference.

  • 30

    Nov

CSX CSX
$34.80

0.13 (0.37%)

11/02/16
DBAB
11/02/16
INITIATION
Target $36
DBAB
Buy
CSX initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra started CSX with a Buy rating and $36 price target.
11/10/16
BMOC
11/10/16
DOWNGRADE
BMOC
Market Perform
CSX downgraded to Market Perform from Outperform at BMO Capital
11/10/16
BMOC
11/10/16
DOWNGRADE
BMOC
Market Perform
CSX downgraded on negative catalysts at BMO Capital
As noted earlier, BMO Capital downgraded CSX to Market Perform from Outperform. Analyst Fadi Chamoun says that the company will be hurt in the near-term by "an over-supplied trucking market," while its cost savings are expected to decelerate next year and macro economic trends will become less favorable tothe company. Chamoun also cited valuation as a reason for the downgrade. Target to $35 from $34.
11/10/16
11/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Comerica (CMA) downgraded to Neutral from Outperform at Baird with analyst David George saying he sees a more balanced risk/reward as the company is already getting significant credit for earnings leverage from its efficiency program. 2. Qualcomm (QCOM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying Qualcomm's valuation adequately reflects incremental smartphone opportunities and NXP Semiconductor (NXPI) contribution. 3. CSX (CSX) downgraded to Market Perform from Outperform at BMO Capital with analyst Fadi Chamoun saying the company will be hurt in the near-term by "an over-supplied trucking market," while its cost savings are expected to decelerate next year and macro economic trends will become less favorable to the company. 4. SolarEdge (SEDG) downgraded to Market Perform from Outperform at JMP Securities, to Market Perform from Outperform at FBR Capital, and to Neutral from Buy at Roth Capital. 5. Capitala Finance (CPTA) downgraded to Perform from Outperform at Oppenheimer and to Neutral from Buy at Ladenburg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NFLX

Netflix

$227.58

7.12 (3.23%)

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  • 30

    Jan

HSGX

Histogenics

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  • 26

    Feb

GAIA

Gaia

$11.90

-0.05 (-0.42%)

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Conference/Events
Gaia management to meet with B. Riley »

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  • 29

    Jan

07:20
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General news
Treasury Market Outlook: global yields tracked lower overnight »

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STT

State Street

$108.99

1.38 (1.28%)

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State Street sees Beacon savings realized 18 months ahead of plan by mid-2019 »

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  • 23

    Jan

07:17
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Conference/Events
The Chicago Council on Global Affairs to hold a panel discussion »

The Chicago Council on…

W

Wayfair

$90.64

2.8 (3.19%)

07:17
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Downgrade
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  • 22

    Feb

07:16
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Conference/Events
CFA Society of Columbus to hold a dinner meeting »

Ian Wallace of Third…

VYGR

Voyager Therapeutics

$20.23

1.56 (8.36%)

07:13
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Voyager Therapeutics announces FDA clearance of VY-AADC IND application »

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TBK

Triumph Bancorp

$37.00

1 (2.78%)

07:13
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Upgrade
Triumph Bancorp rating change  »

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  • 30

    Jan

07:13
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Conference/Events
Boston University to release survey »

Boston University…

CAT

Caterpillar

$170.89

0.48 (0.28%)

07:12
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Upgrade
Caterpillar rating change  »

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  • 25

    Jan

GPRO

GoPro

$6.30

0.01 (0.16%)

07:12
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Downgrade
GoPro rating change  »

GoPro downgraded to…

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  • 01

    Feb

VZ

Verizon

$53.46

1.55 (2.99%)

07:11
01/23/18
01/23
07:11
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07:11
Periodicals
Verizon mulls sports gambling as legalization nears, Bloomberg reports »

Verizon is mulling…

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  • 23

    Jan

  • 25

    Jan

SRNE

Sorrento Therapeutics

$7.75

1.35 (21.09%)

, JUNO

Juno Therapeutics

$86.00

18.19 (26.83%)

07:10
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Recommendations
Sorrento Therapeutics, Juno Therapeutics, Celgene analyst commentary  »

Juno acquisition bodes…

SRNE

Sorrento Therapeutics

$7.75

1.35 (21.09%)

JUNO

Juno Therapeutics

$86.00

18.19 (26.83%)

CELG

Celgene

$102.91

0.26 (0.25%)

03/08/13
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  • 25

    Jan

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    Jan

  • 29

    Jan

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    Feb

  • 28

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  • 25

    Mar

SPX

S&P 500

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S&P 500: Pivot points »

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ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

, ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

07:10
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Conference/Events
U.S. Capital Advisors to hold a conference »

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ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

TRGP

Targa Resources

$51.00

0.27 (0.53%)

03/08/13
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  • 23

    Jan

  • 26

    Feb

ACBFF

Aurora Cannabis

$11.65

0.8799 (8.17%)

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Aurora Cannabis, CanniMed extending standstill agreement »

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GDX

Market Vector Gold Miners

$23.71

0.06 (0.25%)

07:09
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Technical Analysis
Market Vector Gold Miners: Pivot points, pivot high broken »

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VZ

Verizon

$53.46

1.55 (2.99%)

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Breaking Hot Stocks news story on Verizon »

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  • 23

    Jan

  • 25

    Jan

AOS

A.O. Smith

$67.00

-0.04 (-0.06%)

, JCI

Johnson Controls

$39.20

0.3 (0.77%)

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Conference/Events
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AOS

A.O. Smith

$67.00

-0.04 (-0.06%)

JCI

Johnson Controls

$39.20

0.3 (0.77%)

RBC

Regal Beloit

$79.20

-0.2 (-0.25%)

WTS

Watts Water

$79.65

-0.85 (-1.06%)

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  • 23

    Jan

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    Jan

  • 31

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  • 06

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  • 22

    Feb

VZ

Verizon

$53.46

1.55 (2.99%)

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Verizon sees positive impact to cash flow from operations from tax reform »

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  • 23

    Jan

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    Jan

GLD

SPDR Gold Trust

$126.65

0.23 (0.18%)

07:09
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Technical Analysis
SPDR Gold Trust: Pivot points »

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07:08
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Conference/Events
Goldman Sachs to hold a conference »

Fintech Conference 2018…

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