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CSX

CSX

$53.68

-0.55 (-1.01%)

18:49
10/18/17
10/18
18:49
10/18/17
18:49

CSX discloses reduction of locomotives in maintenance program

According to a regulatory filing from earlier, CSX said it will reduce the number of locomotives in its maintenance program. The company said that it has a commitment under a long-term maintenance program agreement that covers a portion of CSXT's fleet of locomotives. The program costs are based on the maintenance cycle for each covered locomotive, which is determined by the asset's age and type. Expected future costs may change as required maintenance schedules are revised and locomotives are placed into or removed from service. Under CSXT's current obligations, the agreement will expire no earlier than 2031. On August 9, 2017, the company exercised certain rights under the agreement, which resulted in a reduction of the locomotive fleet covered from 50% as of December 30, 2016 to an estimated 34% of locomotives beginning August 2018. As a result, the total remaining payments decreased from approximately $5B at December 30, 2016 to an estimated $1.7B at September 30, 2017.

  • 29

    Oct

  • 30

    Oct

CSX CSX
$53.68

-0.55 (-1.01%)

10/17/17
COWN
10/17/17
NO CHANGE
COWN
Railroad estimates revised to reflect improving freight conditions at Cowen
Cowen analyst Jason Seidl revised his estimates following updated carloads, fuel, mix, and currency factors. The analyst said the revisions reflect the improving freight conditions especially in the trucking market, where tightening capacity is likely to be exacerbated by ELD implementation. He said Norfolk Southern (NSC) saw the only upward Q3 revision and remains his favorite rail while he lowered estimates for Canadian Pacific (CP) and CSX (CSX). He raised his price target on his Outperform rated names including Genesse & Wyoming (GWR) to $81 from $75, Norfolk Southern to $143 from $130, Canadian Pacific (CP) to $182 from $172, and Canadian National (CNI) to $87 from $83.
10/16/17
UBSW
10/16/17
NO CHANGE
Target $68
UBSW
Buy
CSX analyst meeting expected to be catalyst, says UBS
UBS analyst Thomas Wadewitz expects the analyst meeting for CSX to be a catalyst for the shares as he believes the company will lay out multi-year financial targets and provide visibility to a path to achieve these targets. He expects the plans to increase free cash flow and the communication of the plans to boost confidence and support upside to the shares. Wadewitz reiterated his Buy rating and raised his price target to $68 from $62 on CSX shares.
10/16/17
WELS
10/16/17
DOWNGRADE
WELS
Market Perform
CSX downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Matthew Troy downgraded both CSX (CSX) and Norfolk Southern (NSC) to Market Perform. Moderating carload growth in the second half of 2017 will weigh on results while the upside in the shares is appropriately valued at current levels, Troy tells investors in a research note. He believes the coal, agriculture and auto end markets "present significant headwinds" with comparisons growing more difficult. The analyst lowered his price target for CSX shares to $57 from $59.
10/02/17
10/02/17
DOWNGRADE
Target $43

Underweight
CSX downgraded to Underweight on pricing, worse end markets at Morgan Stanley
As previously reported, Morgan Stanley analyst Ravi Shanker downgraded CSX (CSX) to Underweight from Equal Weight, saying he believes deteriorating end markets and tougher pricing conditions will make it hard to hit the 58% operating ratio target expected by consensus within two years, if at all. Shanker, who also downgraded Union Pacific (UNP) to Equal Weight from Overweight this morning, said he believes volume growth will be incrementally harder for the rail sector in the second half and into 2018. Shanker cut his price target on CSX to $43 from $44.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$315.05

2.55 (0.82%)

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GT

Goodyear Tire

$29.94

0.63 (2.15%)

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HMC

Honda

$32.62

0.02 (0.06%)

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

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  • 14

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CSCO

Cisco

$35.90

0.02 (0.06%)

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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IBM could be next to fetch higher valuation, Barron's says »

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  • 27

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
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Periodicals
Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

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TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
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07:25
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07:25
Conference/Events
TPI Composites to host investor day »

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  • 05

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SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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Conference/Events
Synaptics management to meet with KeyBanc »

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  • 18

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
11/17/17
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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
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Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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TCMD

Tactile Systems

$25.98

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LMOS

Lumos Networks

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
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MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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  • 06

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
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17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
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Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
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Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

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