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The Association of…
The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 28, as well as volumes for January 2023. "Rail traffic began 2023 much the same way we ended 2022 -demonstrating reasons for both optimism and caution," said AAR Senior Vice President John T. Gray. "For example, this was the best January for carloads of crushed stone and sand on record, largely due to the growth in domestic natural gas production and the need for frac sand. Automotive traffic, although not yet at pre-pandemic levels, had a healthy improvement over 2022. Negatively, it was the worst January for intermodal since 2013 with major retailers cutting back on inventories and consumer spending - especially on goods - having contracted." Total U.S. carload traffic for the first month of 2023 was 923,696 carloads, up 2.2%, or 19,827 carloads, from the same period last year; and 919,928 intermodal units, down 8.1%, or 81,443 containers and trailers, from last year. Total combined U.S. traffic for the first four weeks of 2023 was 1,843,624 carloads and intermodal units, a decrease of 3.2% compared to last year. Total U.S. weekly rail traffic was 473,650 carloads and intermodal units, down 3.9% compared with the same week last year.Total carloads for the week ending January 28 were 236,018 carloads, down 0.1% compared with the same week in 2022, while U.S. weekly intermodal volume was 237,632 containers and trailers, down 7.4% compared to 2022. North American rail volume for the week ending January 28 on 12 reporting U.S., Canadian and Mexican railroads totaled 340,616 carloads, up 2.3% compared with the same week last year, and 317,248 intermodal units, down 6.2% compared with last year. Total combined weekly rail traffic in North America was 657,864 carloads and intermodal units, down 2%. North American rail volume for the first four weeks of 2023 was 2,551,044 carloads and intermodal units, down 0.9% compared with 2022. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL), Trinity Industries (TRN), Greenbrier (GBX) and Wabtec (WAB). Reference Link
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01/24/23 Union Pacific trading resumes 01/24/23 Union Pacific trading halted, volatility trading pause 01/24/23 Union Pacific CEO says Q4 revenue growth offset by elevated operating expenses 01/06/23 Trinity Industries acquires Holden America for $70M 01/24/23 Norfolk Southern increases dividend 9% to $1.35 01/06/23 Greenbrier falls -14.0% 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/31/23 Canadian Pacific reports Q4 volumes up 8% 01/25/23 North American rail traffic down 0.1% for the week ending January 21 01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/25/23 Desjardins Canadian National price target lowered to C$179 from C$180 at Desjardins 01/25/23 CIBC Canadian National price target lowered to C$175 from C$181 at CIBC 01/25/23 BMO Capital Canadian National price target lowered to C$180 from C$185 at BMO Capital 01/25/23 Scotiabank Canadian National price target lowered to C$167 from C$170 at Scotiabank 02/01/23 CIBC Canadian Pacific price target lowered to C$125 from C$128 at CIBC 01/24/23 Scotiabank Canadian Pacific price target raised to C$110 from C$102 at Scotiabank 01/11/23 Barclays Canadian Pacific price target raised to $86 from $81 at Barclays 12/16/22 National Bank Canadian Pacific price target raised to C$106 from C$105 at National Bank 01/26/23 Cowen CSX price target raised to $35 from $33 at Cowen 01/26/23 Susquehanna CSX price target raised to $32 from $30 at Susquehanna 11/29/22 Barclays CSX price target raised to $38 from $35 at Barclays 11/28/22 Deutsche Bank CSX price target raised to $39 from $36 at Deutsche Bank 11/28/22 Deutsche Bank Deutsche upgrades 'highest quality railroad' Canadian Pacific to Buy 06/27/22 Credit Suisse Canadian National initiated with a Neutral at Credit Suisse 03/10/22 JPMorgan JPMorgan resumes Canadian Pacific at Overweight, adds to Focus List 01/26/23 BMO Capital Norfolk Southern price target raised to $250 from $245 at BMO Capital 01/26/23 RBC Capital Norfolk Southern price target lowered to $244 from $253 at RBC Capital 01/26/23 Benchmark Norfolk Southern price target lowered to $270 from $280 at Benchmark 01/26/23 Cowen Norfolk Southern price target raised to $259 from $256 at Cowen 01/26/23 Deutsche Bank Deutsche downgrades Union Pacific to Hold on disappointing execution 01/26/23 Deutsche Bank Union Pacific downgraded to Hold from Buy at Deutsche Bank 01/25/23 BMO Capital Union Pacific price target lowered to $245 from $250 at BMO Capital 01/25/23 RBC Capital Union Pacific price target lowered to $191 from $200 at RBC Capital 11/07/22 Susquehanna Trinity Industries downgraded to Neutral after rally at Susquehanna 11/07/22 Susquehanna Trinity Industries downgraded to Neutral from Positive at Susquehanna 07/28/22 Wells Fargo Trinity Industries price target lowered to $33 from $38 at Wells Fargo 01/17/23 BofA Schneider, Werner upgraded to Buy, XPO Logistics downgraded at BofA 01/17/23 BofA Greenbrier downgraded to Underperform from Neutral at BofA 01/08/23 BofA Greenbrier price target lowered to $31 from $35 at BofA 11/07/22 Susquehanna Greenbrier downgraded to Neutral from Positive at Susquehanna 01/17/23 BofA Wabtec upgraded to Neutral from Underperform at BofA 12/09/22 Raymond James Wabtec price target raised to $115 from $103 at Raymond James 08/18/22 Raymond James Wabtec initiated with an Outperform at Raymond James 11/01/22 Wabtec narrows 2022 adj EPS view to $4.75-$4.95 from $4.70-$5.00 11/01/22 Wabtec reports Q3 EPS $1.22, consensus $1.21 08/05/22 Wabtec narrows FY22 adjusted EPS view to $4.70-$5.00 from $4.65-$5.05 08/05/22 Wabtec reports Q2 adjusted EPS $1.23, consensus $1.22 01/24/23 Union Pacific reports Q4 EPS $2.67, consensus $2.78 01/23/23 Notable companies reporting before tomorrow's open 10/20/22 Union Pacific reports Q3 EPS $3.19, consensus $3.06 10/25/22 Trinity Industries sees FY22 EPS 90c-$1.10, consensus $1.01 10/25/22 Trinity Industries reports Q3 adjusted EPS 34c, consensus 34c 08/08/22 FreightCar America raises FY22 revenue view to $340M-$360M from $320M-$340M 08/08/22 FreightCar America reports Q2 EPS 58c vs. (24c) last year 01/25/23 Norfolk Southern reports Q4 EPS $3.42, consensus $3.44 10/26/22 Norfolk Southern reports Q3 EPS $4.10, consensus $3.64 01/06/23 Greenbrier reports Q1 adjusted EPS 5c, consensus 50c 10/27/22 Greenbrier sees FY23 revenue $3.2B-$3.6B, consensus $3.03B 10/27/22 Greenbrier reports Q4 EPS 60c, consensus 42c 01/25/23 CSX reports Q4 EPS 49c, consensus 46c 10/20/22 CSX reports Q3 EPS 52c, consensus 49c 01/31/23 Canadian Pacific reports Q4 adjusted EPS C$1.14 vs C$0.96 last year 10/26/22 Canadian Pacific reports Q3 adjusted EPS C$0.97 vs C$0.88 last year 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 09/14/22 Amtrak makes adjustments as freight railroad strike interruptions loom, FBN says 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 08/18/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 08/08/22 Fly Intel: After-Hours Movers 01/26/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 12/20/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/06/23 What You Missed On Wall Street On Friday 01/06/23 What You Missed On Wall Street This Morning 10/21/22 What You Missed On Wall Street On Friday 11/29/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/24/23 Fly Intel: After-Hours Movers 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning 11/28/22 Union Pacific put volume heavy and directionally bearish 01/25/23 CSX options imply 3.5% move in share price post-earnings 12/16/22 CSX call volume above normal and directionally bullish 11/17/22 CSX put volume heavy and directionally bearish 10/20/22 CSX options imply 2.7% move in share price post-earnings 01/31/23 Canadian Pacific options imply 2.7% move in share price post-earnings
Over a week ago
Recommendations
Desjardins analyst Benoit…
Desjardins analyst Benoit Poirier lowered the firm's price target on Canadian National to C$179 from C$180 and keeps a Hold rating on the shares.
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$118.30 / -5.765 (-4.65%)
01/25/23 North American rail traffic down 0.1% for the week ending January 21 01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 $118.30 / -5.765 (-4.65%)
01/25/23 CIBC Canadian National price target lowered to C$175 from C$181 at CIBC 01/25/23 BMO Capital Canadian National price target lowered to C$180 from C$185 at BMO Capital 01/25/23 Scotiabank Canadian National price target lowered to C$167 from C$170 at Scotiabank 01/25/23 Wells Fargo Canadian National price target lowered to $115 from $120 at Wells Fargo $118.30 / -5.765 (-4.65%)
01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% $118.30 / -5.765 (-4.65%)
12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says $118.30 / -5.765 (-4.65%)
01/24/23 Fly Intel: After-Hours Movers 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning
Hot Stocks
The Association of…
The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 21. For this week, total U.S. weekly rail traffic was 467,485 carloads and intermodal units, down 2.1% compared with the same week last year. Total carloads for the week ending January 21 were 230,545 carloads, up 3.3% compared with the same week in 2022, while U.S. weekly intermodal volume was 236,940 containers and trailers, down 6.7% compared to 2022. Five of the 10 carload commodity groups posted an increase compared with the same week in 2022. They included nonmetallic minerals, up 5,895 carloads, to 31,264; coal, up 2,454 carloads, to 68,675; and motor vehicles and parts, up 2,321 carloads, to 13,166. Commodity groups that posted decreases compared with the same week in 2022 included chemicals, down 2,891 carloads, to 31,038; grain, down 1,262 carloads, to 22,015; and forest products, down 799 carloads, to 9,065. For the first three weeks of 2023, U.S. railroads reported cumulative volume of 687,678 carloads, up 3% from the same point last year; and 682,296 intermodal units, down 8.4% from last year. Total combined U.S. traffic for the first three weeks of 2023 was 1,369,974 carloads and intermodal units, a decrease of 3% compared to last year. North American rail volume for the week ending January 2, on 12 reporting U.S., Canadian and Mexican railroads totaled 336,113 carloads, up 6.8% compared with the same week last year, and 309,502 intermodal units, down 6.7% compared with last year. Total combined weekly rail traffic in North America was 645,615 carloads and intermodal units, down 0.1%. North American rail volume for the first three weeks of 2023 was 1,893,180 carloads and intermodal units, down 0.5% compared with 2022. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL) and Wabtec (WAB). Reference Link
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01/24/23 Union Pacific trading resumes 01/24/23 Union Pacific trading halted, volatility trading pause 01/24/23 Union Pacific CEO says Q4 revenue growth offset by elevated operating expenses 01/24/23 Union Pacific reports Q4 operating ratio 61% 01/06/23 Trinity Industries acquires Holden America for $70M 01/24/23 Norfolk Southern increases dividend 9% to $1.35 01/06/23 Greenbrier falls -14.0% 01/06/23 Greenbrier falls -13.5% 12/28/22 North American rail traffic down 5.1% for the week ending December 24 01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/25/23 CIBC Canadian National price target lowered to C$175 from C$181 at CIBC 01/25/23 BMO Capital Canadian National price target lowered to C$180 from C$185 at BMO Capital 01/25/23 Scotiabank Canadian National price target lowered to C$167 from C$170 at Scotiabank 01/25/23 Wells Fargo Canadian National price target lowered to $115 from $120 at Wells Fargo 01/24/23 Scotiabank Canadian Pacific price target raised to C$110 from C$102 at Scotiabank 01/11/23 Barclays Canadian Pacific price target raised to $86 from $81 at Barclays 12/16/22 National Bank Canadian Pacific price target raised to C$106 from C$105 at National Bank 12/14/22 CIBC Canadian Pacific price target raised to C$130 from C$120 at CIBC 11/29/22 Barclays CSX price target raised to $38 from $35 at Barclays 11/28/22 Deutsche Bank CSX price target raised to $39 from $36 at Deutsche Bank 10/24/22 Deutsche Bank CSX price target lowered to $36 from $41 at Deutsche Bank 10/14/22 Vertical Research CSX upgraded to Buy from Hold at Vertical Research 11/28/22 Deutsche Bank Deutsche upgrades 'highest quality railroad' Canadian Pacific to Buy 06/27/22 Credit Suisse Canadian National initiated with a Neutral at Credit Suisse 03/10/22 JPMorgan JPMorgan resumes Canadian Pacific at Overweight, adds to Focus List 01/04/23 Wells Fargo Wells Fargo downgrades Norfolk Southern to Equal Weight, lowers target to $245 01/04/23 Wells Fargo Norfolk Southern downgraded to Equal Weight from Overweight at Wells Fargo 12/20/22 Evercore ISI Norfolk Southern downgraded to In Line at Evercore ISI on relative valuation 12/20/22 Evercore ISI Norfolk Southern downgraded to In Line from Outperform at Evercore ISI 01/25/23 BMO Capital Union Pacific price target lowered to $245 from $250 at BMO Capital 01/25/23 RBC Capital Union Pacific price target lowered to $191 from $200 at RBC Capital 01/25/23 Cowen Union Pacific price target raised to $222 from $213 at Cowen 01/25/23 Susquehanna Union Pacific price target raised to $218 from $215 at Susquehanna 11/07/22 Susquehanna Trinity Industries downgraded to Neutral after rally at Susquehanna 11/07/22 Susquehanna Trinity Industries downgraded to Neutral from Positive at Susquehanna 07/28/22 Wells Fargo Trinity Industries price target lowered to $33 from $38 at Wells Fargo 01/17/23 BofA Schneider, Werner upgraded to Buy, XPO Logistics downgraded at BofA 01/17/23 BofA Greenbrier downgraded to Underperform from Neutral at BofA 01/08/23 BofA Greenbrier price target lowered to $31 from $35 at BofA 11/07/22 Susquehanna Greenbrier downgraded to Neutral from Positive at Susquehanna 01/17/23 BofA Wabtec upgraded to Neutral from Underperform at BofA 12/09/22 Raymond James Wabtec price target raised to $115 from $103 at Raymond James 08/18/22 Raymond James Wabtec initiated with an Outperform at Raymond James 11/01/22 Wabtec narrows 2022 adj EPS view to $4.75-$4.95 from $4.70-$5.00 11/01/22 Wabtec reports Q3 EPS $1.22, consensus $1.21 08/05/22 Wabtec narrows FY22 adjusted EPS view to $4.70-$5.00 from $4.65-$5.05 08/05/22 Wabtec reports Q2 adjusted EPS $1.23, consensus $1.22 01/24/23 Union Pacific reports Q4 EPS $2.67, consensus $2.78 01/23/23 Notable companies reporting before tomorrow's open 10/20/22 Union Pacific reports Q3 EPS $3.19, consensus $3.06 10/25/22 Trinity Industries sees FY22 EPS 90c-$1.10, consensus $1.01 10/25/22 Trinity Industries reports Q3 adjusted EPS 34c, consensus 34c 07/27/22 Trinity Industries raises FY22 EPS view to 90c-$1.10 from 85c-$1.05 07/27/22 Trinity Industries reports Q2 EPS 14c, consensus 15c 08/08/22 FreightCar America raises FY22 revenue view to $340M-$360M from $320M-$340M 08/08/22 FreightCar America reports Q2 EPS 58c vs. (24c) last year 01/25/23 Norfolk Southern reports Q4 EPS $3.42, consensus $3.44 10/26/22 Norfolk Southern reports Q3 EPS $4.10, consensus $3.64 07/27/22 Norfolk Southern reports Q2 EPS $3.45, consensus $3.47 01/06/23 Greenbrier reports Q1 adjusted EPS 5c, consensus 50c 10/27/22 Greenbrier sees FY23 revenue $3.2B-$3.6B, consensus $3.03B 10/27/22 Greenbrier reports Q4 EPS 60c, consensus 42c 10/20/22 CSX reports Q3 EPS 52c, consensus 49c 10/26/22 Canadian Pacific reports Q3 adjusted EPS C$0.97 vs C$0.88 last year 07/28/22 Canadian Pacific reports Q2 adjusted EPS C$0.95, down 8% y/y 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% 09/14/22 Amtrak makes adjustments as freight railroad strike interruptions loom, FBN says 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 08/18/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 08/08/22 Fly Intel: After-Hours Movers 12/20/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/06/23 What You Missed On Wall Street On Friday 01/06/23 What You Missed On Wall Street This Morning 10/21/22 What You Missed On Wall Street On Friday 11/29/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/24/23 Fly Intel: After-Hours Movers 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning 11/28/22 Union Pacific put volume heavy and directionally bearish 12/16/22 CSX call volume above normal and directionally bullish 11/17/22 CSX put volume heavy and directionally bearish 10/20/22 CSX options imply 2.7% move in share price post-earnings 09/22/22 CSX put volume heavy and directionally bearish
Recommendations
CIBC analyst Kevin Chiang…
CIBC analyst Kevin Chiang lowered the firm's price target on Canadian National to C$175 from C$181 and keeps a Neutral rating on the shares.
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01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/25/23 BMO Capital Canadian National price target lowered to C$180 from C$185 at BMO Capital 01/25/23 Scotiabank Canadian National price target lowered to C$167 from C$170 at Scotiabank 01/25/23 Wells Fargo Canadian National price target lowered to $115 from $120 at Wells Fargo 01/24/23 Scotiabank Canadian National price target raised to C$170 from C$159 at Scotiabank 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 01/24/23 Fly Intel: After-Hours Movers 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning
Recommendations
BMO Capital analyst Fadi…
BMO Capital analyst Fadi Chamoun lowered the firm's price target on Canadian National to C$180 from C$185 and keeps an Outperform rating on the shares.
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01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/25/23 Scotiabank Canadian National price target lowered to C$167 from C$170 at Scotiabank 01/25/23 Wells Fargo Canadian National price target lowered to $115 from $120 at Wells Fargo 01/24/23 Scotiabank Canadian National price target raised to C$170 from C$159 at Scotiabank 01/11/23 Barclays Canadian National price target raised to $127 from $118 at Barclays 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 01/24/23 Fly Intel: After-Hours Movers 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning
Recommendations
Scotiabank analyst Konark…
Scotiabank analyst Konark Gupta lowered the firm's price target on Canadian National to C$167 from C$170 and keeps a Sector Perform rating on the shares.
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01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/25/23 Wells Fargo Canadian National price target lowered to $115 from $120 at Wells Fargo 01/24/23 Scotiabank Canadian National price target raised to C$170 from C$159 at Scotiabank 01/11/23 Barclays Canadian National price target raised to $127 from $118 at Barclays 01/10/23 Goldman Sachs Canadian National downgraded to Sell from Neutral at Goldman Sachs 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 01/24/23 Fly Intel: After-Hours Movers 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning
Recommendations
Wells Fargo analyst…
Wells Fargo analyst Allison Poliniak-Cusic lowered the firm's price target on Canadian National to $115 from $120 and keeps an Equal Weight rating on the shares after outlook came in below expectations. Merchandise and intermodal traffic are expected to be soft, driving the weakness, the firm believes. Offsetting productivity will be incremental cost headwinds, Wells argues.
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01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/24/23 Scotiabank Canadian National price target raised to C$170 from C$159 at Scotiabank 01/11/23 Barclays Canadian National price target raised to $127 from $118 at Barclays 01/10/23 Goldman Sachs Canadian National downgraded to Sell from Neutral at Goldman Sachs 12/16/22 National Bank Canadian National price target raised to C$175 from C$173 at National Bank 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 01/24/23 Fly Intel: After-Hours Movers 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning
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01/24/23 Vacasa to cut about 1,300 jobs or 17% of workforce, affirms Q4 guidance 10/02/22 Fly Intel: Top five weekend stock stories 08/24/22 Vacasa appoints Rob Greyber as next CEO 01/24/23 Texas Instruments says Q4 results reflect weaker demand in all end markets 01/19/23 Texas Instruments names Haviv Ilan as next CEO, effective April 1 12/11/22 Fly Intel: Top five weekend stock stories 11/28/22 Texas Instruments announces expansion of its portfolio 01/23/23 Toast CEO sells $3.15M in common stock 11/22/22 Toast director Bennett sells 132,709 class A shares 11/11/22 Toast Inc trading resumes 11/11/22 Toast Inc trading halted, volatility trading pause 01/24/23 Precigen reports results from Phase 1 PRGN-2012 study 01/11/23 Precigen CEO says will focus on clinical programs' path to licensure in 2023 12/12/22 Precigen announces 'positive' Phase 1 dose escalation data from PRGN-3006 study 09/21/22 Precigen names names Rutul Shah COO 12/12/22 News Corp. appoints Emma Tucker as Editor-in-Chief of The Wall Street Journal 09/13/22 Navient has conducted review on Student Debt Relief Plan impact 01/24/23 Microsoft sees FY23 operating margins down roughly 1% in constant currency 01/24/23 Microsoft sees Q3 effective tax rate 19%-24% 01/24/23 Microsoft sees Q3 productivity revenue $16.9B-$17.2B 01/24/23 Microsoft says Office 365 evolving to use AI 01/24/23 Stride jumps 13% after Q2 earnings beat, FY23 guidance raise 10/26/22 Stride falls -27.7% 10/26/22 Stride falls -28.6% 10/26/22 Stride falls -21.2% 01/19/23 Kopin provides restructuring update 01/05/23 Kopin enters pact with Lightning Silicon Technology, to reduce workforce 09/29/22 Kopin receives $3M production otder 09/07/22 Kopin appoints Michael Murray as new CEO $257.91 / +2.125 (+0.83%)
01/24/23 Intuitive Surgical sees FY23 procedure growth up 12%-16% 10/25/22 Intuitive Surgical reports $1B accelerated share repurchase agreement 10/19/22 Intuitive Surgical receives Royal College of Surgeons of England accreditation 10/18/22 Intuitive Surgical raises FY22 procedure growth view to 17%-18% from 14%-16.5% FULC Fulcrum Therapeutics 01/24/23 Fulcrum Therapeutics jumps 7% as Ra Capital discloses $25M purchase 01/04/23 Fulcrum Therapeutics sees cash runway into late 2024 01/04/23 Fulcrum Therapeutics provides business update, upcoming milestones 01/04/23 Fulcrum Therapeutics CEO Bryan Stuart departs 01/24/23 Rupert Murdoch withdrawing proposal for Fox Corp, News Corp. combination 01/24/23 Rupert Murdoch withdraws proposal for Fox News, News Corp. tie-up 01/24/23 Rupert Murdoch withdrawing proposal for Fox Corp, News Corp. combination 12/06/22 Fox Corp. provides update on potential News Corp. transaction 12/15/22 F5 Networks appoints Kara Sprague to chief product officer 07/25/22 F5 Networks jumps over 5% to $162.49 after Q3 earnings beat and guidance 07/25/22 F5 Networks board authorizes $1B buyback 01/24/23 eHealth spikes over 24% after reporting preliminary Q4 and FY22 revenue 01/23/23 eHealth appoints Ketan Babaria as Chief Digital Officer 11/14/22 eHealth appoints John Stelben as CFO, effective immediately 10/10/22 eHealth appoints Jana Brown as chief people officer 01/24/23 Deciphera presents results from ctDNA analysis of INTRIGUE phase 3 stsudy 01/18/23 Deciphera falls 8% to $19.00 after announcing $125M common stock offering 01/03/23 Deciphera announces results from ctDNA analysis from Intrigue Phase 3 trial 09/11/22 Deciphera presents updated Phase 1/2 Data for vimseltinib in TGCT $106.57 / -0.545 (-0.51%)
10/27/22 Capital One falls 5% to $97.15 after Q3 earnings miss estimates 10/12/22 BJ's Wholesale introduces new partnership with Capital One 08/24/22 Truist Financial appoints Scott Stanzel as EVP, CCO 01/24/23 Canadian National boosts dividend 8% and announces 32M share repurchase 01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 10/26/22 Barrington Stride should be bought on post-earnings weakness, says Barrington 08/25/22 Morgan Stanley Stride upgraded to Overweight from Equal Weight at Morgan Stanley 04/21/22 Citi Citi remains buyer of Stride with $65 price target 04/20/22 Barrington Stride price target raised to $50 from $45 at Barrington 01/10/23 JPMorgan Navient price target raised to $17 from $14.50 at JPMorgan 01/06/23 Barclays Navient price target raised to $19 from $16 at Barclays 12/01/22 Morgan Stanley Morgan Stanley upgrades Navient on lower odds of student loan forgiveness 12/01/22 Morgan Stanley Navient upgraded to Equal Weight from Underweight at Morgan Stanley 01/24/23 Wedbush Microsoft remains Wedbush's favorite way to play cloud theme in 2023 01/23/23 BMO Capital Microsoft price target lowered to $267 from $270 at BMO Capital 01/23/23 Wells Fargo Microsoft should stabilize results through 2H23, says Wells Fargo 01/19/23 Evercore ISI Microsoft price target lowered to $280 from $300 at Evercore ISI $106.57 / -0.545 (-0.51%)
01/10/23 JPMorgan Capital One price target lowered to $124 from $126 at JPMorgan 01/10/23 Jefferies Capital One downgraded to Hold from Buy at Jefferies 01/05/23 Stephens Capital One downgraded to Underweight at Stephens on auto lending concerns 01/05/23 Stephens Capital One downgraded to Underweight from Equal Weight at Stephens 01/23/23 Truist Texas Instruments price target raised to $177 from $158 at Truist 01/23/23 Barclays Texas Instruments price target raised to $165 from $150 at Barclays 01/18/23 Citi Texas Instruments price target raised to $175 from $155 at Citi 12/14/22 Deutsche Bank Texas Instruments price target raised to $158 from $155 at Deutsche Bank 12/01/22 Craig-Hallum Craig-Hallum upgrades eHealth to Buy on 'clear signs of life' 12/01/22 Craig-Hallum eHealth upgraded to Buy from Hold at Craig-Hallum 11/15/22 Citi eHealth price target lowered to $4.50 from $9 at Citi 11/09/22 Deutsche Bank eHealth price target lowered to $4 from $10 at Deutsche Bank FULC Fulcrum Therapeutics 01/22/23 Piper Sandler Fulcrum Therapeutics price target raised to $21 from $18 at Piper Sandler 01/19/23 Oppenheimer Fulcrum Therapeutics price target lowered to $26 from $30 at Oppenheimer 01/04/23 Piper Sandler Fulcrum reports 'encouraging' Phase 1b data for FTX-6058, says Piper Sandler 01/04/23 Oppenheimer Fulcrum 'may have just gotten more controversial,' says Oppenheimer 01/05/23 JonesResearch Deciphera upgraded to Hold from Sell at JonesResearch 01/04/23 Barclays Deciphera price target raised to $9 from $8 at Barclays 01/04/23 Guggenheim Deciphera upgraded to Buy from Neutral at Guggenheim 01/04/23 Guggenheim Deciphera upgraded to Buy from Neutral at Guggenheim 11/11/22 JMP Securities Vacasa price target lowered to $5 from $7 at JMP Securities 11/10/22 JPMorgan Vacasa downgraded to Neutral on concerns into 2023 at JPMorgan 11/10/22 JPMorgan Vacasa downgraded to Neutral from Overweight at JPMorgan 10/31/22 Needham Vacasa price target lowered to $7 from $10 at Needham 01/24/23 DA Davidson Toast initiated with a Buy at DA Davidson 01/24/23 Baird Toast downgraded to Neutral from Outperform at Baird 01/09/23 Mizuho Competition beginning to take toll on Square, says Mizuho 01/09/23 Piper Sandler Toast price target lowered to $22 from $26 at Piper Sandler 01/04/23 Macquarie Fox Corp. price target lowered to $30 from $32 at Macquarie 01/03/23 Wolfe Research Fox Corp. downgraded to Underperform from Peer Perform at Wolfe Research 01/03/23 Wolfe Research Fox Corp. downgraded to Underperform from Peer Perform at Wolfe Research 11/02/22 RBC Capital Fox Corp. price target lowered to $38 from $46 at RBC Capital $257.91 / +2.125 (+0.83%)
01/24/23 Mizuho Intuitive Surgical price target raised to $245 from $215 at Mizuho 01/11/23 Piper Sandler Intuitive Surgical procedure outlook set conservatively, says Piper Sandler 01/04/23 Barclays Intuitive Surgical price target raised to $298 from $235 at Barclays 01/03/23 BTIG Intuitive Surgical named Top Pick for first half of 2023 at BTIG 01/23/23 Guggenheim F5 Networks initiated with a Neutral at Guggenheim 01/18/23 Loop Capital F5 Networks price target lowered to $169 from $211 at Loop Capital 01/17/23 Piper Sandler F5 Networks price target lowered to $159 from $164 at Piper Sandler 12/20/22 JPMorgan F5 Networks price target lowered to $170 from $190 at JPMorgan 01/24/23 Scotiabank Canadian National price target raised to C$170 from C$159 at Scotiabank 01/11/23 Barclays Canadian National price target raised to $127 from $118 at Barclays 01/10/23 Goldman Sachs Canadian National downgraded to Sell from Neutral at Goldman Sachs 12/16/22 National Bank Canadian National price target raised to C$175 from C$173 at National Bank 12/28/22 Cantor Fitzgerald Cantor calls Merck top large cap pharma pick, names 8 SMID cap top picks 11/18/22 Cantor Fitzgerald Precigen initiated with an Overweight at Cantor Fitzgerald 11/18/22 Cantor Fitzgerald Precigen initiated with an Overweight at Cantor Fitzgerald 08/09/22 H.C. Wainwright Precigen price target lowered to $6 from $10 at H.C. Wainwright 07/10/22 Goldman Sachs News Corp. downgraded to Buy from Conviction Buy at Goldman Sachs 11/09/22 Vacasa reports Q3 EPS 4c, consensus 7c 08/10/22 Vacasa raises FY22 revenue view to $1.17B-$1.19B, consensus $1.15B 08/10/22 Vacasa sees Q2 revenue $385M-$395M, consensus $388.5M 08/10/22 Vacasa reports Q2 EPS 2c, consensus (19c) 01/24/23 Texas Instruments sees Q1 EPS $1.64-$1.90, consensus $1.87 01/24/23 Texas Instruments reports Q4 EPS $2.13, consensus $1.98 10/25/22 Texas Instruments sees Q4 EPS $1.83-$2.11, consensus $2.21 11/10/22 Toast raises FY22 revenue view to $2.692B-$2.722B from $2.62B-$2.66B 11/10/22 Toast sees Q4 revenue $730M-$760M, consensus $731.31M 11/10/22 Toast reports Q3 EPS (19c), consensus (9c) 08/11/22 Toast raises FY22 revenue view to $2.62B-$2.66B, consensus $2.54B 11/09/22 Precigen reports Q3 EPS (4c), consensus 2c 08/08/22 Precigen reports Q2 EPS (13c), consensus (16c) 11/08/22 News Corp. reports Q1 adjusted EPS 12c, consensus 15c 08/08/22 News Corp. reports Q4 adjusted EPS 37c, consensus 7c 01/24/23 Navient sees FY23 core EPS $3.15-$3.30, consensus $2.92 01/24/23 Navient reports Q4 adjusted EPS 85c, consensus 83c 01/24/23 Notable companies reporting after market close 10/26/22 Navient reiterates FY22 EPS view $3.35-$3.45, consensus $3.40 01/24/23 Microsoft reports Q2 adjusted EPS $2.32, consensus $2.29 10/25/22 Microsoft sees FX decreasing total revenue growth by 5% in FY23 10/25/22 Microsoft reports Q1 EPS $2.35, consensus $2.30 01/24/23 Stride raises FY23 revenue view to $1.775B-$1.815B from $1.71B-$1.79B 01/24/23 Stride sees Q3 revenue $445M-$465M 01/24/23 Stride reports Q2 EPS $1.19, consensus $1.04 10/25/22 Stride guides initial FY23 revenue view of $.171B-$1.79B, consensus $1.78B 11/01/22 Kopin reports Q3 EPS (5c), consensus (4c) 08/02/22 Kopin reports Q2 EPS (6c) , consensus (3c) $257.91 / +2.125 (+0.83%)
01/24/23 Intuitive Surgical reports Q4 EPS $1.23, consensus $1.25 01/11/23 Intuitive Surgical sees Q4 revenue $1.66B, consensus $1.68B 10/18/22 Intuitive Surgical reports Q3 EPS $1.19, consensus $1.12 FULC Fulcrum Therapeutics 11/08/22 Fulcrum Therapeutics reports Q3 EPS (51c), consensus (61c) 08/11/22 Fulcrum Therapeutics reports Q2 EPS (83c), consensus (66c) 11/01/22 Fox Corp. reports Q1 adjusted EPS $1.21, consensus $1.14 10/31/22 Notable companies reporting before tomorrow's open 08/10/22 Fox Corp. reports Q4 adjusted EPS 74c, consensus 76c 01/24/23 F5 Networks backs FY23 revenue growth view of 9%-11% 01/24/23 F5 Networks sees Q2 EPS $2.36-$2.48, consensus $2.50 01/24/23 F5 Networks reports Q1 EPS $2.47, consensus $2.33 10/25/22 F5 Networks sees FY23 revenue growth 9%-11%, consensus $2.9B 01/24/23 eHealth sees Q4 revenue $190M-$200M, consensus $175.24M 11/07/22 eHealth reaffirms FY22 revenue view $375M-$395M, consensus $384.86M 11/07/22 eHealth reports Q3 revenue $53.4M, consensus $48.64M 08/08/22 eHealth reports Q2 adjusted EPS ($1.15), consensus ($1.15) 01/03/23 Deciphera sees FY22 revenue roughly $134M, consensus $132.52M 01/03/23 Deciphera sees Q4 revenue roughly $36M, consensus $34.83M 11/03/22 Deciphera reports Q3 EPS (55c), consensus (58c) 08/04/22 Deciphera reports Q2 EPS (60c), consensus (66c) $106.57 / -0.545 (-0.51%)
01/24/23 Capital One reports Q4 adjusted EPS $2.82, consensus $3.84 10/27/22 Capital One reports Q3 EPS $4.20, consensus $5.04 10/27/22 Notable companies reporting after market close 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20%
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CN's Board of…
CN's Board of Directors also approved a first-quarter 2023 dividend on the Company's common shares outstanding. A quarterly dividend of seventy-nine cents per common share will be paid on March 31 to shareholders of record at the close of business on March 10. The company announced that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid , as well as an 8% increase in the 2023 dividend on the Company's common shares outstanding. The Bid, in the range of C$4 billion, permits CN to purchase, for cancellation, over a 12-month period up to 32 million common shares, representing 4.8% of the 671,253,977 common shares issued and outstanding of the Company on January 18, 2023. "We are pleased to uphold our track record of consistent dividend growth. Our share repurchase program reflects our prudent approach in returning a significant amount of capital to shareholders despite a softening economy. This is a testament to our confidence in the strong cash flow generation capacity of CN throughout business cycles." Ghislain Houle, Executive Vice-President and Chief Financial Officer, CN The Bid will be conducted between February 1, 2023 and January 31, 2024 through a combination of discretionary transactions and automatic repurchase plans at market prices prevailing at the time of purchase, through the facilities of the Toronto and New York stock exchanges, or alternative trading systems in Canada and in the United States, if eligible, and will conform to their regulations.
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01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/24/23 Scotiabank Canadian National price target raised to C$170 from C$159 at Scotiabank 01/11/23 Barclays Canadian National price target raised to $127 from $118 at Barclays 01/10/23 Goldman Sachs Canadian National downgraded to Sell from Neutral at Goldman Sachs 12/16/22 National Bank Canadian National price target raised to C$175 from C$173 at National Bank 01/24/23 Canadian National reports Q4 EPS C$2.10, consensus C$2.08 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning 10/25/22 Fly Intel: After-Hours Movers
Earnings
Reports Q4 revenue $C…
Reports Q4 revenue $C 4.54B, consensus C$4.48B.
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01/18/23 North American rail traffic up 0.6% for the week ending January 14 01/11/23 North American rail traffic down 2.1% for the week ending January 7 01/04/23 North American rail traffic down 4.3% for the week ending December 31 01/03/23 Canadian National ratified new collective agreement with union 01/24/23 Scotiabank Canadian National price target raised to C$170 from C$159 at Scotiabank 01/11/23 Barclays Canadian National price target raised to $127 from $118 at Barclays 01/10/23 Goldman Sachs Canadian National downgraded to Sell from Neutral at Goldman Sachs 12/16/22 National Bank Canadian National price target raised to C$175 from C$173 at National Bank 10/25/22 Canadian National raises FY22 adjusted EPS view to up 25% from up 15%-20% 10/25/22 Canadian National reports Q3 adjusted EPS C$2.13 vs. C$2.37 last year 07/26/22 Canadian National sees FY22 adjusted diluted EPS growth of 15%-20% 07/26/22 Canadian National reports Q2 EPS C$1.93, consensus C$1.76 12/01/22 Senate approves bill to force tentative rail labor agreement, CNBC says 11/30/22 House passes bill to avoid rail strike, NBC News reports 11/28/22 Biden intends to call on Congress to prevent rail shutdown, WaPo says 11/10/22 Bank of Canada's Macklem says low unemployment rate unsustainable,' WSJ says 11/30/22 What You Missed On Wall Street On Wednesday 11/29/22 What You Missed On Wall Street On Tuesday 11/29/22 What You Missed On Wall Street This Morning 10/25/22 Fly Intel: After-Hours Movers