Railroads

Trading Halted: Crexus Investment Corp (NYSE: CSX), News Pending

Jefferies Group Inc (NYSE: JEF) was upgraded by Ticonderoga from "neutral" to "buy." JEF's shares closed at $24.48 yesterday. Jefferies' PEG ratio is 0.96. BofA/Merrill upgraded Owens Corning Inc (NYSE: OC) from “neutral” to “buy.” OC's shares closed at $33.92 yesterday. Owens Corning's PEG ratio...

Venoco Inc (NYSE: VQ) was downgraded BMO Capital from "outperform" to "market perform." VQ's shares closed at $16.68 yesterday. Venoco's PEG ratio is 1.70. Stifel Nicolaus downgraded Concho Resources Inc (NYSE: CXO) from “buy” to “hold.” CXO's stock closed at $108.16 yesterday. Concho Resources'...

Goldman Sachs is removing the shares of Canadian Pacific (NYSE: CP) from its Buy List as it sees more near- term upside for CSX shares. Since it added CP to the Americas Buy List on March 2, 2010 and over the last 12 months, CP stock is up 25.4% and 17.7%, versus the S&P 500 +15.7% and +11.0%,...

Goldman Sachs is adding CSX Transportation (NYSE: CSX) to its Buy List with 19% upside to the $93 price target, from $79. While metallurgical coal demand and higher fuel prices have driven recent CSX stock outperformance, Goldman believes margin upside should drive the next leg. Goldman's...

Analysts at Goldman downgrade Canadian Pacific Railway Limited (NYSE: CP) from “buy” to “neutral.” The target price for CP has been lowered from $84 to $72. CP shares fell 2.59% to close at $64.05 yesterday. More Analyst Ratings here

Analysts at Goldman upgrade CSX Corporation (NYSE: CSX) from “neutral” to “buy.” The target price for CSX has been raised from $79 to $93. CSX shares rose 0.36% to close at $78.37 yesterday. More Analyst Ratings here

Weather and fuel are expected to slash Canadian Pacific Railway's (NYSE: CP) 1Q11 EPS to a range of C$0.12 to C$0.22. But with most of the weather issues likely behind, outlook for the remainder of the year should remain relatively intact. Risk to other carriers' earnings is lower as CP's QTD...

Citi Reiterates Buy Rating, $76 PT On NSC Citi is reiterating its Buy rating and $76 PT on shares of Norfolk Southern Corp. (NYSE: NSC). “As the ruling results in the write down of receivables, which have been held on the company's balance sheet, we expect Norfolk to realize no cash flow impact...

BofA/Merrill Downgrades CP To Underperform Analysts at BofA/Merrill downgrade Canadian Pacific Railway Limited ((NYSE: CP) from “neutral” to “underperform.” The target price for CP has been lowered from $69 to $59. CP shares gained 1.97% to close at $65.75 yesterday. More Analyst Ratings here

It has been a long time since the Industrial Revolution, a period of history that is most often discussed in high school history classes. Industrial stocks just aren't sexy in an era of iPads, search engines and streaming movies. Nor are industrials the flavor of the day when investors are...

Union Pacific Railroad Company (NYSE: UNP) announced today that it has determined the contingent interest and sinking fund payments due in respect of Available Net Income for 2010 under the terms of certain bonds and debentures originally issued by the Missouri Pacific Railroad Company (MPRR)....

North American rail traffic, written extensively about at Benzinga, continues to climb, showcasing a stronger economy, and stronger railroad stocks. Names like CSX (NYSE: CSX), Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP) and Berkshire Hathaway (NYSE: BRK-B) will all benefit as railroad...

Shares of CSX Corp. (NYSE: CSX) are at all time highs today, gaining $3.26 to $77.00, a gain of 4.4% on 1.2 million shares. Over the past year, shares have gained 50%. CSX Corporation (CSX) is a transportation supplier. The Company provides rail-based transportation services, including rail...

Just about every leading stock this morning is catching a bid higher. Short term traders must always guard against chasing a stock that is already stretched and extended. Therefore, we shall isolate a few resistance points on some leading stocks. Exxon Mobil Corp.(NYSE: XOM) is soaring higher this...