Railroads

Goldman Sachs has added CSX Corporation (NYSE: CSX) to the Americas Conviciton Buy List.

Deutsche Bank has published a report on Genesee & Wyoming Inc (NYSE: GWR) commenting on acquisitions and expansion, and lowering the price target. In the report, Deutsche Bank wrote, "GWR's solid Q2 results and upbeat outlook highlight the company's compelling growth story which should drive...

Deutsche Bank has lowered the price target on Genesee & Wyoming (NYSE: GWR) from $70 to $69 and maintains its Buy rating.

We already had a "Morning in America" column a few months ago, but after today's nonfarm payrolls report, it looks like it is time for another one. The July nonfarm payrolls report just was just released, and it smashed expectations, coming in at 117,000. Economists had expected 84,000 jobs to be...

Stifel Nicolaus has upgraded the following companies: Canadian National Railway (NYSE: CNI) from Hold to Buy, $88 PT Hub Group (NASDAQ: HUBG) from Hold to Buy, $40 PT JB Hunt Transport Services (NASDAQ: JBHT) from Hold to Buy, $52 PT PennantPark Investment Corporation (NASDAQ: PNNT) from Hold...

CN (NYSE: CNI) today announced plans for a US$165-million expansion of its Kirk Yard in Gary, Ind., and relocation of its Chicago area locomotive repair shop to the upgraded freight car classification facility in Northwest Indiana. The project will increase Kirk Yard's processing capacity to 2,...

BMO made a number of updates on the rail sector in a research report published today. Canadian National Railway (NYSE: CNI) had its rating reiterated at Market Perform. At the same time, its price target was maintained at $79. On Tuesday, CNI lost 2.51% of its value to end the day at $72.51. Its...

The important and highly followed transportation index is once again declining this morning. The iShares Dow Jones Transportation ETF (NYSE: IYT) is trading lower by $1.50 to $90.86 a share. The IYT has declined by over $10.00 since making a 52 week high on July 7, 2011. Many traders and investor...

Bank of America Merrill Lynch is out with its report today on Kansas Southern (NYSE: KSU), reiterating Buy. In its report, Bank of America Merrill Lynch writes, "We reiterate our Buy opinion and $69 target which is based on a 20x multiple on our 2012 EPS estimate of $3.46. Our target multiple is...

Genesee & Wyoming Inc. (NYSE: GWR) announced earlier today that it has signed an agreement to acquire the Arizona Eastern Railway from Iowa Pacific Holdings, LLC of Chicago, IL for $90.1 million in cash, subject to adjustment for final working capital. The acquisition is subject to customary...

Finally, a rail road ETF. That might be the sentiment of some traders and investors when learning of the five new sector ETFs rapidly growing issuer Global X filed plans for with the SEC late last week. Global X, the New York-based ETF issuer that has made a name for itself with a wide array of...

Deutsche Bank has a Buy rating and a $88 price target on shares of Norfolk Southern Corp (NYSE: NSC). In a note to clients, Deutsche Bank writes, "NSC reported adjusted Q2 EPS of $1.38, above our estimate of $1.23 and Consensus of $1.29 on export coal volume strength and core pricing improvement....

Deutsche Bank has raised the price target on Norfolk Southern Corporation (NYSE: NSC) from $79 to $88 and maintains its Buy rating.

Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...

The largest offshore oil producer in China, CNOOC Ltd. (CEO), just paid $2.1 billion for the Canadian oil company Opti Canada last week. This in spite of the fact that Opti had been suffering from severe financial problems. In addition, CNOOC was just upgraded by from Neutral to Buy by UBS. The...