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5 In Focus: Loop Capital Analysts Railroad Stocks Following Wednesday's Conferences

Norfolk Souther Corporation NYSE:NSC, Union Pacific Corporation NYSE:UNP - 5 In Focus: Loop Capital Analysts Railroad Stocks Following Wednesday's Conferences

On Wednesday, railroad firms participated in a couple of conferences, hosted by Cowen & Co. and RBC Capital Markets. As a result, five stocks within the sector were analyzed by Loop Capital Markets, four Hold-rated and one rated at Buy.

4 At Hold

  • CSX Corporation CSX 0.49%: The company sees efficiency and productivity savings to top $350 million compared to its "about" $350 million outlook provided earlier and coal tonnage is expected to witness a year-over-year drop of 20–25 percent, which is better than its earlier forecast of about 25 percent drop.

1 Buy

At Time Of Writing...

  • Canadian Pacific was down 1.08 percent at $154.09.
  • CSX was up 0.49 percent at $28.95.
  • Kansas City was up 0.49 percent at $97.06.
  • Norfolk Southern was up 0.02 percent at $93.97.
  • Union Pacific was up 0.37 percent at $96.64.

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DateFirmActionFromTo
Aug 2016Atlantic EquitiesInitiates Coverage onNeutral
Aug 2016Loop CapitalInitiates Coverage onHold
Jul 2016Deutsche BankMaintainsHold

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