Fly News Breaks for June 12, 2019
CSX, CP, NSC, CNI, KSU, UNP
Jun 12, 2019 | 07:22 EDT
Deutsche Bank analyst Amit Mehrotra lowered his Q2 earnings forecasts by 4% on average, taking him below consensus for all the U.S. Class 1 Rails - CSX (CSX), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). The analyst is in-line with the consensus for Canadian National (CNI) and above consensus for Canadian Pacific (CP). Despite the estimate cuts, Mehrotra remains positive on Rail stocks, reflecting the sector's "volume-agnostic" cost opportunity. He lowered his price target for CSX to $87 from $89, for Kansas City Southern to $138 from $142, for Norfolk Southern to $196 from $198 and for Union Pacific to $197 from $200. The analyst keeps Buy ratings on all four names.
News For CSX;KSU;NSC;UNP;CNI;CP From the Last 2 Days
Jul 22, 2019 | 08:36 EDT
Credit Suisse analyst Allison Landry raised her price target for Kansas City to $140 from $134 following quarterly results. The analyst reiterates an Outperform rating on the shares.