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CSX

CSX

$58.69

0.21 (0.36%)

09:43
01/12/18
01/12
09:43
01/12/18
09:43

CSX volume growth lagging peers, says Cleveland Research

Cleveland Research analyst Bryan Merolla's checks indicate CSX (CSX) volume growth continues to lag peers and expects Q4 results inline with lowered expectations.

  • 01

    Mar

CSX CSX
$58.69

0.21 (0.36%)

12/18/17
12/18/17
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. CSX (CSX) downgraded to Hold from Buy at TD Securities with the firm citing the unexpected medical leave of absence and subsequent death of CEO Hunter Harrison, saying senior management now lacks a member with an operating background. 2. PG&E (PCG) downgraded to Market Perform from Outperform at Wells Fargo with analyst Neil Kalton saying he sees "significant uncertainty" given the Northern California wildfires in mid-October and also highlights some recent adverse regulatory developments. 3. Oclaro (OCLR) downgraded to Hold from Buy at Needham with analyst Alex Henderson contending that consensus 2018 estimates look too high given the company's limited growth visibility. 4. Engility (EGL) downgraded to Hold from Buy at Drexel Hamilton with the firm saying peers will benefit from a lower tax rate and shares will have a difficult time outperforming the group. 5. Euronet (EEFT) downgraded to Market Perform from Outperform at William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/18
SBSH
01/04/18
NO CHANGE
Target $304
SBSH
Buy
Citi says all Transports win under U.S. tax bill
The Tax Cut and Jobs Act drives a "meaningful step up" in earnings as well as free cash flow for essentially all names in Transportation, Citi analyst Christian Wetherbee tells investors in a research note. He sees U.S. Rails as likely the biggest winners from tax reform. In most cases companies will use the cash "windfall" for buybacks, Wetherbee tells investors in a research note. He believes, however, that a compelling case can be made for U.S. Rails to increase dividends by 15%-20%. The free cash flow windfall could save UPS's (UPS) buyback program, which looked likely to decline in 2018 under the weight of accelerating capex, the analyst adds. Wetherbee upgraded C.H. Robinson Worldwide (CHRW) to Buy and downgraded Schneider National (SNCR) to Neutral. He also raised his price target for Buy-rated FedEx (FDX) to $304 from $280, Buy-rated CSX (CSX) to $64 from $58 and for Buy-rated UPS to $143 from $128.
01/09/18
RBCM
01/09/18
NO CHANGE
Target $67
RBCM
Outperform
RBC Capital raises price targets for Rails on Q4 volume growth and tax reform
RBC Capital analyst Walter Spracklin previews Q4 earnings for the Rail sector, saying volume grew about 4% while other performance metrics have been in line with prior years that saw similar growth rates. The analyst raises his price target on Canadian Pacific (CP) to CAD256 from CAD238 with an Outperform rating, calling it his "preferred name" based on solid volume, pricing trends, and relatively attractive valuation. Spracklin also ups CSX (CSX) price target to $67 from $59 with an Outperform rating, Norfolk Southern (NSC) price target to $137 from $123 with an Underperform rating, and Union Pacific (UNP) price target to $140 from $124 with a Sector Perform rating to reflect the positive impact of the U.S. corporate tax reform.
01/12/18
SCOT
01/12/18
DOWNGRADE
SCOT
Sector Perform
CSX downgraded to Sector Perform from Outperform at Scotiabank

TODAY'S FREE FLY STORIES

MU

Micron

$59.85

4.37 (7.88%)

, AZO

AutoZone

$696.72

31.04 (4.66%)

09:55
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Options
Early notable gainers among liquid option names on May 22nd »

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Micron

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AutoZone

$696.72

31.04 (4.66%)

LRCX

Lam Research

$203.57

3.65 (1.83%)

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Fifth Third

$31.41

0.52 (1.68%)

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Adobe

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Conference/Events
House Energy & Commerce Committee to hold a hearing »

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WBA

Walgreens Boots Alliance

$65.27

0.77 (1.19%)

09:55
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Walgreens Boots Alliance to hold sell-side analyst event »

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House Transportation & Infrastructure Committee to hold a hearing »

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AHL

Aspen Insurance

$43.50

(0.00%)

, HIG

Hartford Financial

$53.31

-0.3 (-0.56%)

09:54
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Periodicals
Hartford among suitors still pursuing Aspen Insurance, Re-Insurance says »

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AHL

Aspen Insurance

$43.50

(0.00%)

HIG

Hartford Financial

$53.31

-0.3 (-0.56%)

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BMRN

BioMarin

$86.01

-3.34 (-3.74%)

, ONCE

Spark Therapeutics

$75.45

2.42 (3.31%)

09:52
05/22/18
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09:52
Recommendations
BioMarin, Spark Therapeutics analyst commentary  »

BioMarin shares…

BMRN

BioMarin

$86.01

-3.34 (-3.74%)

ONCE

Spark Therapeutics

$75.45

2.42 (3.31%)

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LOW

Lowe's

$89.86

2.49 (2.85%)

, JCP

J.C. Penney

$2.33

-0.175 (-6.99%)

09:50
05/22/18
05/22
09:50
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09:50
Recommendations
Lowe's, J.C. Penney, Home Depot analyst commentary  »

Baird calls new…

LOW

Lowe's

$89.86

2.49 (2.85%)

JCP

J.C. Penney

$2.33

-0.175 (-6.99%)

HD

Home Depot

$190.38

0.63 (0.33%)

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Hot Stocks
Breaking Hot Stocks news story  »

Rosehill Resources Inc…

UBNK

United Financial

$17.99

(0.00%)

09:48
05/22/18
05/22
09:48
05/22/18
09:48
Hot Stocks
United Financial announces purchase of six bank branches »

United Bank of Hartford,…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$274.00

0.74 (0.27%)

09:46
05/22/18
05/22
09:46
05/22/18
09:46
Technical Analysis
Technical Take: SPDR S&P 500 ETF edges higher after first 15 minutes »

At time of writing the…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$274.00

0.74 (0.27%)

03/08/13
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BMRN

BioMarin

$84.77

-4.58 (-5.13%)

09:45
05/22/18
05/22
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09:45
Recommendations
BioMarin analyst commentary  »

BioMarin shares defended…

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05/22/18
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Hot Stocks
Breaking Hot Stocks news story  »

Rosehill Resources Inc…

KSS

Kohl's

$64.91

-0.56 (-0.86%)

09:45
05/22/18
05/22
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09:45
Hot Stocks
Breaking Hot Stocks news story on Kohl's »

Kohl's 'feels…

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  • 22

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09:45
05/22/18
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09:45
General news
Richmond Fed Manufacturing Index Level to be reported at 10:00 »

May Richmond Fed…

PSTG

Pure Storage

$23.60

(0.00%)

09:44
05/22/18
05/22
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09:44
Recommendations
Pure Storage analyst commentary  »

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DF

Dean Foods

$9.79

(0.00%)

09:40
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Periodicals
Dean Foods seen as target, but may struggle to find buyer, Dealreporter says »

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FOX

21st Century Fox

$37.45

(0.00%)

, FOXA

21st Century Fox

$37.92

(0.00%)

09:38
05/22/18
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09:38
Periodicals
Fox shareholder vote date should be announced in 'week or two,' CNBC reports »

21st Century Fox (FOXA)…

FOX

21st Century Fox

$37.45

(0.00%)

FOXA

21st Century Fox

$37.92

(0.00%)

DIS

Disney

$104.05

(0.00%)

CMCSA

Comcast

$32.34

(0.00%)

CMCSK

Comcast

$0.00

(0.00%)

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09:36
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Hot Stocks
Breaking Hot Stocks news story  »

Liberty TripAdvisor…

09:32
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09:32
Conference/Events
House Committee on Foreign Affairs to hold a hearing »

The Terrorism,…

RLH

Red Lion Hotels

$10.45

(0.00%)

09:32
05/22/18
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Hot Stocks
Red Lion Hotels announces long-term consulting agreement with key executives »

RLH announced it has…

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BOSC

B.O.S. Better Online

$2.26

(0.00%)

09:31
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09:31
Hot Stocks
B.O.S. Better Online supply chain division receives $150,000 order »

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Hot Stocks
Breaking Hot Stocks news story  »

Liberty TripAdvisor…

EXR

Extra Space Storage

$92.96

(0.00%)

09:30
05/22/18
05/22
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09:30
Recommendations
Extra Space Storage analyst commentary  »

Extra Space Storage price…

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KSS

Kohl's

$65.47

(0.00%)

09:29
05/22/18
05/22
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Hot Stocks
Kohl's: Northeast, mid-Atlantic has been hit by weather »

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  • 22

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DSX

Diana Shipping

$4.27

(0.00%)

09:29
05/22/18
05/22
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09:29
Hot Stocks
Diana Shipping announces time charter contract for m/v P. S. Palios with Koch »

Diana Shipping announced…

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